Revaluation
A revaluation of your property may be necessary and you will be responsible for the cost of the valuation.
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Product Availability
Offer only available for direct applications through the Society’s branches, website, via the telephone
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Status
All loans subject to status and valuation.
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Age
Minimum Age 18 years
Maximum Age 65 years on redemption
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Administration Fee
£100 Administration Fee (which may be added to the loan on completion). Should the application not proceed then the fee will be debited to your existing account
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Loan Values
Minimum Loan £1,000
Maximum Loan £1,000,000
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Loan to Value Limits
Loan to Value Limits - Loan based on purchase price or valuation, whichever is the lower
House Purchase N/A - Re-Mortgage N/A - Capital Raising N/A - Re-Mortgage including Capital Raising N/A - Re-Mortgage including Home Improvements 85%
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Arrears
Your existing mortgage must be clear of arrears and have been so for 3 months
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Legal
In some instances a solicitor may be required to complete the transaction. The Hanley will instruct their
legal advisers for which you will be responsible for the fees incurred. The legal advisers may request personal identification to comply with their Anti-Money Laundering regulations
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Criteria
You may be asked to supply quotations for the Home Improvements.
Product only available to applicants who meet the Society's lending criteria
Only available on properties in England and Wales
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Effective from May 2008 - The Society reserves the right to withdraw this offer at any time.
