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West Bromwich Building Society discounts for two years


West Bromwich Building Society has launched a two-year discount-rate mortgage.


The discount applies until June 30, 2001 and offers 3.5 per cent off the society&#39s current standard variable rate of 6.7 per cent, for loans up to 85 per cent loan to value.


There is a £295 arrangement fee and compulsory buildings insurance is required.


The redemption penalty is 5 per cent of the loan for five years.


The society is also offering free loan protection insurance and free mortgage indemnity guarantee insurance.

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