The Coventry relaunches MOREgage portfolio

12-Sep-2006

Ideal for first time buyers, the MOREgage portfolio offers customers either a three or five-year mortgage with an LTV (loan-to-value) up to 95 per cent, in addition to an additional unsecured personal loan, up to a maximum of 30 per cent or £25,000.

"We are really pleased to be bringing back this range of products," said Julie Jones, head of intermediary sales at the Coventry.

"Our MOREgage product offers homebuyers the opportunity to borrow within their means, at fixed-rates of interest, knowing that for the first few years after moving into their new home there will be no unexpected repayment surprises should interest rates rise," she added.

The three-year fixed package will offer interest rates varying between 6.09 and 6.19 per cent; five-year options will incur interest rates between 5.89 and 5.99 per cent.

In addition to mortgages, the Coventry Building Society offers a range of products, including current accounts, personal loans and travel insurance.

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