5.20% Fixed Rate Mortgage for 5 years

Capital & Interest.

No application fee or arrangement fee.

The interest rate on this product will not drop below 2.00% (following the fixed rate period).

Free Valuation.

Minimum Loan: £30,000 Maximum Loan: £500,000.

Purchase 95% of Share.
Remortgage 95% of Share.

Overpayments of up to 10% of the mortgage balance are permitted each anniversary year for 5 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.

Available for properties located in England & Wales.

The Society will pay a proc 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 or in part within the first 5 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 £2,081.06 based on £104,053.00.

A mortgage of £104,053.00 payable over 25 years initially on a Fixed Rate of 5.20% for 5 years and then on our Standard Variable Rate (SVR) of 8.49% (variable) for the remaining 240 months would require 60 monthly payments of £620.47 and 240 monthly payments of £801.82. The total amount payable would be £229,825.25 made up of the loan amount plus interest (£125,612.25), a funds transfer fee of £35.00 and a mortgage exit fee of £125.00. The overall cost for comparison is 7.5% 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).