Re-mortgage Legal Fees*
Re-mortgage Legal Fees - There will be no legal fees payable where the Society’s re-mortgage scheme is
used up to a maximum of £250, subject to there being no additional legal work involved, for example, the
postponement of a second mortgage, transfer of equity or additional leasehold work. Where the loan
exceeds £250,000 then you will be responsible for any additional legal fees incurred. Applicants may choose
to use their own solicitors, but will be responsible for all costs. House Purchase Legal Fees- Applicants will
be responsible for all legal fees.
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Valuation**
One free standard valuation per customer for properties up to £250,000
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Enivronment Incentive
The Hanley will donate £200 on completion to ClimateCare the equivalent of offsetting three years of
household C02 emissions.
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Age
Minimum age 18 years.
Maximum age 65 years at redemption.
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Loan Amounts
Minimum Loan £30,000
Maximum Loan £1,000,000
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| Insurance
Private insurance subject to £25 administration fee.
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Availability
Offer only available for direct applications through the Society’s branches, website or via the telephone
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Capital Repayments
One capital payment of up to 10% of the mortgage balance is permitted each year during the discount
period. Any additional capital payments during the discount period will attract a penalty calculated on the
amount of the additional capital payment
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Life Assurance
The assignment of a suitable life assurance policy to cover the
amount of loan may be necessary.
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Loan to Value Limits
Loan based on purchase price or valuation, whichever is the lower
House Purchase 90% - Re-Mortgage 85% - Capital Raising 75% -
Re-Mortgage including Capital Raising 75% - Re-Mortgage including Home Improvements 85%
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| Criteria
Product only available to applicants who meet the Society's lending criteria and on properties in England and Wales. All loans subject to status and valuation
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Redemption Terms
If this mortgage is repaid in full or in part during the first 2 years an early repayment charge will apply.
This will be 2% of the balance repaid during the first 2 years of the mortgage.
Example - the maximum early repayment charge you could pay is £1,900 based on 2% of £95,000
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Printer Friendly Details
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^The actual rate available will depend upon your circumstances.
Ask for a personalised illustration.
Effective from May 2008 - The Society reserves
the right to withdraw this offer at any time.
