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New mortgage offers from Coventry
Thu, 14 Dec 2006
Coventry Building Society is offering an improved rate of interest on several of its mortgage and personal loan products.

The mortgages, which form part of the society's MOREgage range - a combination of a mortgage and a personal loan - allow first-time buyers to purchase a property and pay for any additional costs.

Coventry has made two new mortgages available - three-year and five-year fixed-rate deals, both of which feature an interest rate of 5.89 per cent.

Additionally, both of the mortgages are available for up to 125 per cent of the property's value.

The MOREgage mortgages feature no higher lending charge, a free valuation of up to £650, allow up to ten per cent capital repayments each month without penalty and no early repayment charge for the unsecured personal loan .

In addition to this range, Coventry Building Society offers a number of mortgage products to first-time buyers, including fixed-rate and tracker deals .

The step-up mortgages allow parents to assist their children - if first-time buyers - as the deal enables up to four names to be listed on the mortgage.

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