Coventry launches MOREgage range

The Society’s MOREgage product is a combined mortgage and unsecured personal loan that gives first time buyers and movers the ability to not only purchase their house, but also the capacity to cover additional associated costs. With a high average house price making it increasingly difficult for first time buyers to step onto the property ladder, MOREgage offers a mortgage of up to 95% loan to value, with an added unsecured personal loan facility of up to a further 30% or a maximum of £25,000 - all at the same rate of interest.

Key benefit of the market leading MOREgage products are:

5.65% Fixed until 31.03.11

5.65% Fixed until 31.03.09

5.99% Capped (+1.35% Base Rate Tracker) until 31.03.09

5.99% Capped (+1.45% Base Rate Tracker) until 31.03.09

5.75% Fixed until 31.03.11

5.75% Fixed until 31.03.09

Key product features are:

No higher lending charge – worth nearly £2,000 on an average UK mortgage

Free valuation

Early redemption charges for mortgage (during benefit period): 4%

No early redemption charge for unsecured personal loan

Option to repay 10 per cent of mortgage balance per annum without penalty

£250 arrangement fee and £199 booking fee