The re-launch comes with a range of three and five-year products.
The Coventry’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. The product offers a mortgage of up to 95 per cent loan to value, with an added unsecured personal loan facility of up to a further 30 per cent loan to value or a maximum of £25,000 – all at the same rate of interest. There is also a free valuation and an arrangement fee of £699.
Julie Jones, head of intermediary sales at Coventry, said: “We are really pleased to be bringing back this range of products. We know that MOREgage is popular with our introducers and their clients and that this re-launch will be well received.
“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.”
