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 per cent loan to value, with an added unsecured personal loan facility of up to a further 30 per cent or a maximum of £25,000 - all at the same rate of interest.
Key benefit of the market leading MOREgage products are:
*5.65 per cent Fixed until 31.03.11
*5.65 per cent Fixed until 31.03.09
5.99 per cent Capped (+1.35 per cent Base Rate Tracker) until 31.03.09
*5.99 per cent Capped (+1.45 per cent Base Rate Tracker) until 31.03.09
*5.75 per cent Fixed until 31.03.11
5.75 per cent 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 per cent
*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
