This product is subject to the following

• Rental income must equate to 125% of the mortgage payments which is based upon a rate of 6.5%. Property must be available to Let immediately and must remain available for Letting throughout the mortgage term.

• The property may only be Let on an Assured Shorthold tenancy, minimum period of 6 months and a maximum of 12
months

• Applications should have no more than 3 Buy To Let properties including this loan

• A £195 booking fee is payable on application of this product and is non refundable

• £800 Arrangement Fee (which may be added to the loan as long as the LTV including the fee does not exceed the maximum for the product)

• This product has a collar and as such the variable rate of interest will not drop below 2.00%.

• Minimum Age 25 years

• Maximum Age 65 years on redemption

• Minimum Loan size £75,000

• Maximum Loan £300,000

• Offer available for direct applications through the Society’s branches only

• House Purchase - 70% Re-Mortgage - 70%

• One capital payment of up to 10% of the mortgage balance is permitted each year for the first 2 years. Any additional capital payments during this period will attract a penalty calculated on the amount of the additional capital payment

• Private insurance subject to £25 administration fee

• Product only available to applicants who meet the Society's lending criteria

• Private insurance subject to £25 administration fee

• Only available on properties within 25 miles of The Hanley's Head Office

• All loans subject to status and valuation

• The APR will depend upon your circumstances. Ask for a personalised illustration^

• Your mortgage must complete by 31st January 2012

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Early Repayment Terms
If this mortgage is repaid in full during the first 2 years an early repayment charge will apply.
This will be 2% of the balance repaid during this period.
Example - The maximum early repayment charge you could pay is £3,000 based on £150,000

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE