2.49% Variable Discount Mortgage for 2 years

Capital & Interest

£750 Arrangement fee (Deducted from loan amount on completion)

The interest rate on this product will not drop below 2.00%.

Free Valuation

Contribution to Legals when remortgaging using the Society's nominated Solicitor

Minimum Loan: £30,000 Maximum Loan: £500,000@75% LTV,£1,000,000 @ 60% LTV, £1,250,000 @ 50% LTV

Purchase 95%.
Remortgage 95%.

Available for properties located in England, Wales and Scotland (Selected Scottish Islands accepted, please refer to criteria).

The Society will pay a procuration fee of 0.35% on completion to the intermediary.

This product is available for new mortgage customers only.

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 £4,554.18 based on £227,709.00.

A mortgage of £227,709.00 payable over 25 years initially on a discounted variable rate of 6.00% for 2 years and then on our Standard Variable Rate (SVR) of 8.49% (variable) for the remaining 23 years would require 24 monthly payments of £1,467.13 and 276 monthly payments of £1,810.60. The total amount payable would be £535,845.92 made up of the loan amount plus interest (£307,226.92), a Funds transfer fee of £35.00, an Arrangement fee of £750.00 and a Mortgage Exit Fee of £125. The overall cost for comparison is 8.0% APRC representative^

Call us on 01782 255000 (selecting option 1 – Hanley Intermediaries then option 1 – New business enquiries).

Lines are Open 9.00am to 5.00pm Monday to Friday (Wednesday 9.30am to 5.00pm).

Overpayments of up to 10% of the mortgage balance are permitted each anniversary year during the first 2 years and may be made by monthly standing order. Any additional overpayments above 10% during this period will attract a penalty calculated on the amount of the additional payments.