The Society’s MOREgage product is a combined mortgage and unsecured personal loan that gives first-time buyers (FTB) and movers the ability to not only purchase their house, but also the capacity to cover additional associated costs.
The new MOREgage products are:
• 5.89 per cent fixed until 31.12.11 up to 125 per cent loan-to-value (LTV)
• 5.89 per cent fiixed until 31.12.09 up to 125 per cent LTV
The Society’s Market Leading 115 per cent LTV MOREgage products are still available:
• 5.79 per cent fixed until 31.12.11
• 5.79 per cent fiixed until 31.12.09
Key features of the MOREgage product range are:
• No higher lending charge (HLC) – worth nearly £2,000 on an average UK mortgage
• Free valuation up to £650
• Option to repay 10per cent of mortgage balance per annum without penalty
• Early redemption charges for mortgage (during benefit period): 4 per cent
• No early redemption charge for unsecured personal loan
In addition, the Society has also launched two new Flexx Fixed rate products at 5.60 per cent and 5.80 per cent, both until 31.12.11 (followed by 1.34 per cent discount off SVR) with free valuation, free legal fees for remortgagors, daily interest and flexible features to its residential product range.
