COVENTRY BUILDING Society is launching a new home-loan portfolio, including a 4.6 per cent discount on its variable mortgage rate of 8.7 per cent, until January 2001. This carries a non- refundable application fee of pounds 295. A year's interest is payable if you redeem before 31 January 2001, then six months' interest until 31 January 2004. Compulsory insurance is required. Call 0345 665522.

SAVILLS PRIVATE Finance is launching a two-year fixed-rate mortgage, pegged at 3.95 per cent, on a loan-to-value of up to 90 per cent with a pounds 335 arrangement fee and a redemption fee of six months' interest at the standard variable rate until 30 September 2003. Call 0171-330 8500.