Best Buy Mortgages

We have consistently offered Best Buy Mortgages to customers and are regularly nominated for awards for our range of mortgage products. In the past 12 months we have been nominated for “Best First Time Buyer lender” by Moneyfacts and “Best Lender for Discount Rates” by Moneywise.

We offer fixed rate mortgages, discount mortgages, remortgages, buy to let mortgages and first time buyer mortgages.

Whatever your personal mortgage requirements are, maybe you’re a first time buyer, self-employed or maybe you are looking for the best deal on your remortgage, our experienced team of Mortgage advisers are on hand to work hard on your behalf to ensure we get the best mortgage deal for you.

Our mortgages are individually underwritten by our experienced underwriting team. We don’t use automated credit scoring because we believe our approach is more personal and allows us to get a better understanding our customers requirements.

Our current list of mortgage products is shown below. Contact us on 01782 255000 for more details about our mortgage products or visit us in branch to see what we can do for you.

 

Residential Fixed Rate Mortgages

Mortgage Product Product Code Initial Pay Rate Loan to Value Incentives Fees Overall Cost For Comparison Early Repayment Charges More Info
2 Year Fixed Rate MFD214 1.64% 80% Yes £250 4.6% APRC Yes

Things you need to know

Fees
Non-refundable Application Fee: £250 (Can be added to the loan subject to maximum loan to value limits or paid by debit card prior to completion)

Minimum Interest Rate
The interest rate on this product will not drop below 2.00%

Incentives
Free Legals when remortgaging using the Society’s nominated Solicitor
One free standard valuation

Loan Size
Minimum Loan £30,000
Maximum Loan £500,000

Maximum Loan to Value (LTV)
House Purchase & Remortgage including additional borrowing up to 80%

Overpayments
Overpayments of up to 10% of the mortgage balance are permitted each Society year until 28 February 2019 and may be made by monthly standing order. Any additional overpayments above 10% during this period will attract a penalty calculated on the excess amount

 

Early Repayment Charges
If this mortgage is repaid in full or in part before 28 February 2019 an early repayment charge will apply. This will be 2% of the balance repaid until 28 February 2019. Example – the maximum early repayment charge you could pay is £3,060 based on £153,000

Representative Example
A mortgage of £153,000 payable over 25 years initially on a Fix of 1.64% for 2 years and then on our Standard Variable Rate (SVR) of 4.94% (variable) for the remaining 23 years would require 24 monthly payments of £622.02 and 276 monthly payments of £868.75 The total amount payable would be £255,083.48 made up of the loan amount plus interest (£101,703.48), an application fee of £250, a funds transfer fee of £35 and a mortgage exit fee of £95

The overall cost for comparison is 4.6% APRC representative^

Find out More or Apply
Call us on 01782 255000

Lines are Open

9.00am to 5.00pm Monday, Tuesday, Wednesday & Friday
9.00am to 7.00pm on Thursday
9.00am to 4.00pm on Saturday

View our General Mortgage Criteria
2 year Fixed Rate MFD219 1.74% 80% Yes No 4.6% APRC Yes

Things you need to know

Fees
There is no Application Fee

Minimum Interest Rate
The interest rate on this product will not drop below 2.00%

Incentives
Free Legals when remortgaging using the Society’s nominated Solicitor
One free standard valuation

Loan Size
Minimum Loan £30,000
Maximum Loan £500,000

Maximum Loan to Value (LTV)
House Purchase 80%
Remortgage 80%

Overpayments
Overpayments of up to 10% of the mortgage balance are permitted each Society year until 28 February 2019 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

Higher Lending Charges
Not applicable

Early Repayment Charges
If this mortgage is repaid in full before 28 February 2019 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 £3,060 based on £153,000

Representative Example
A mortgage of £153,000 payable over 25 years initially on a Fix of 1.74% for 2 years and then on our Standard Variable Rate (SVR) of 4.94% (variable) for the remaining 23 years would require 24 monthly payments of £629.31 and 276 monthly payments of £869.57 The total amount payable would be £255,234.76 made up of the loan amount plus interest (£102,104.76), a funds transfer fee of £35 and a mortgage exit fee of £95.The overall cost for comparison is 4.6% APRC representative^

Find out More or Apply
Call us on 01782 255000

Lines are Open

9.00am to 5.00pm Monday, Tuesday, Wednesday & Friday
9.00am to 7.00pm on Thursday
9.00am to 4.00pm on Saturday

View our General Mortgage Criteria
3 Year Fixed Rate MFD222 3.65% 95% Yes £250 4.9% APRC Yes

Things you need to know

Fees
Non-refundable Application Fee: £250

Minimum Interest Rate
The interest rate on this product will not drop below 2.00%

Incentives
Free Legals when remortgaging using the Society’s nominated Solicitor
One free standard valuation

Loan Size
Minimum Loan £30,000
Maximum Loan £500,000

Maximum Loan to Value (LTV)
House Purchase 95%
Remortgage 95%

Overpayments
Overpayments of up to 10% of the mortgage balance are permitted each Society year until 31 May 2020 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

Higher Lending Charges
A Higher Lending Charge is applicable and is paid for by The Society

Early Repayment Charges
If this mortgage is repaid in full before 31 May 2020 an early repayment charge will apply. This will be 3% of the balance repaid during this period. Example – The maximum early repayment charge you could pay is £3,810 based on £127,000

Representative Example
A mortgage of £127,000 payable over 25 years initially on a Fix of 3.65% for 3 years and then on our Standard Variable Rate (SVR) of 4.94% (variable) for the remaining 22 years would require 36 monthly payments of £646.05 and 264 monthly payments of £730.63 The total amount payable would be £216,524.12 made up of the loan amount plus interest (£89,144.12),an application fee of £250, a funds transfer fee of £35 and a mortgage exit fee of £95.The overall cost for comparison is 4.9% APRC representative^

Find out More or Apply
Call us on 01782 255000

Lines are Open

9.00am to 5.00pm Monday, Tuesday, Wednesday & Friday
9.00am to 7.00pm on Thursday
9.00am to 4.00pm on Saturday

View our General Mortgage Criteria

Residential Variable Rate Mortgages

Mortgage Product Product Code Initial Pay Rate Loan to Value Incentives Fees Overall Cost For Comparison Early Repayment Charges More Info
2 Year Variable Discount MDS126 1.59% 80% Yes £250 4.6% APRC Yes

Things you need to know

Fees
Non-refundable Application Fee: £250 (Can be added to the loan subject to maximum loan to value limits or paid by debit card prior to completion)

Minimum Interest Rate
The interest rate on this product will not drop below 1.59%

Incentives
Free Legals when remortgaging using the Society’s nominated Solicitor
One free standard valuation

Loan Size
Minimum Loan £30,000
Maximum Loan £500,000

Maximum Loan to Value (LTV)
House Purchase & Remortgage including additional borrowing up to 80%

Overpayments
Overpayments of up to 10% of the mortgage balance are permitted each Society 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 excess amount

Early Repayment Charges
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 this period. Example – The maximum early repayment charge you could pay is £3,060 based on £153,000

Representative Example
A mortgage of £153,000 payable over 25 years initially on a discounted variable rate of 1.59% for 2 years and then on our Standard Variable Rate (SVR) of 4.94% (variable) for the remaining 23 years would require 24 monthly payments of £618.39 and 276 monthly payments of £868.34 The total amount payable would be £254,883.20 made up of the loan amount plus interest (£101,503.20), an application fee of £250, a funds transfer fee of £35 and a mortgage exit fee of £95

The overall cost for comparison is 4.6% APRC representative

Find out More or Apply
Call us on 01782 255000

Lines are Open

9.00am to 5.00pm Monday, Tuesday, Wednesday & Friday
9.00am to 7.00pm on Thursday
9.00am to 4.00pm on Saturday

View our General Mortgage Criteria
2 Year Variable Discount MDS132 2.85% 95% Yes £250 4.8% APRC Yes

Things you need to know

Fees
Non-refundable Application Fee: £250

Minimum Interest Rate
The interest rate on this product will not drop below 2.00%

Incentives
One free standard valuation

Loan Size
Minimum Loan £30,000
Maximum Loan £500,000
Minimum Purchase Price: £50,000

Maximum Loan to Value (LTV)
House Purchase 95%

Overpayments
Overpayments of up to 10% of the mortgage balance are permitted each Society 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

Higher Lending Charges
No Higher Lending Charge applies

Early Repayment Charges
If this mortgage is repaid in full or in part during the first 2 years an early repayment charge will apply. This will be 3% of the balance repaid during this period. Example – The maximum early repayment charge you could pay is £3,810 based on £127,000

Representative Example
A mortgage of £127,000 payable over 25 years initially on a discounted variable rate of 2.85% for 2 years and then on our Standard Variable Rate (SVR) of 4.94% (variable) for the remaining 23 years would require 24 monthly payments of £592.39 and 276 monthly payments of £729.04 The total amount payable would be £215,812.40 made up of the loan amount plus interest (£88,432.40), an application fee of £250, a funds transfer fee of £35 and a mortgage exit fee of £95.

The overall cost for comparison is 4.8% APRC representative^

Find out More or Apply
Call us on 01782 255000

Lines are Open

9.00am to 5.00pm Monday, Tuesday, Wednesday & Friday
9.00am to 7.00pm on Thursday
9.00am to 4.00pm on Saturday

View our General Mortgage Criteria
Shared Ownership MDS104 3.74% 95% Yes No 3.8% APRC Yes

Things you need to know

Fees
There is no application fee

Minimum Interest Rate
The interest rate on this product will not drop below 2.00%

Incentives
One free standard valuation

Loan Size
Minimum Loan £30,000
Maximum Loan £300,000

Maximum Loan to Value (LTV)
95% of your share

Overpayments
Overpayments of up to 10% of the mortgage balance are permitted each Society 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 excess amount

Higher Lending Charge
Not applicable

Early Repayment Charges
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 this period. Example – The maximum early repayment charge you could pay is £1,105 based on £55,250

Representative Example
A mortgage of £55,250 payable over 25 years on a discounted variable rate of 3.74% would require 300 monthly payments of £283.76

The total amount payable would be £85,258 made up of the loan amount plus interest (£29,878), a funds transfer fee of £35 and a mortgage exit fee of £95

The overall cost for comparison is 3.8% APRC representative

Find out More or Apply
Call us on 01782 255000

Lines are Open

9.00am to 5.00pm Monday, Tuesday, Wednesday & Friday
9.00am to 7.00pm on Thursday
9.00am to 4.00pm on Saturday

View our General Mortgage Criteria
Home Improvement Loan MDS064 3.94% 80% No £100 4.3 % APRC No

Things you need to know

Fees
Product Fee: £100 (Can be added to the loan subject to maximum loan to value limits or paid by debit card prior to completion)

Availability
Existing Hanley mortgages customers only

Minimum Interest Rate
The interest rate on this product will not drop below 2.00%

Incentives
None

Loan Size
Minimum Loan £10,000
Maximum Loan £25,000

Maximum Loan to Value (LTV)
Home Improvements up to 80%

Overpayments
There are no restrictions on overpayments

Higher Lending Charge
Not applicable

Early Repayment Charges
There are no Early Repayment Charges

Representative Example
A mortgage of £15,000 payable over 25 years on a discounted variable rate of 3.94% would require 300 monthly payments of £78.68

The total amount payable would be £24,069 made up of the loan amount plus interest (£8604), an application fee of £100, a funds transfer fee of £35, a valuation fee of £235 and a mortgage exit fee of £95

The overall cost for comparison is 4.3% APRC representative

Find out More or Apply
Call us on 01782 255000

Lines are Open

9.00am to 5.00pm Monday, Tuesday, Wednesday & Friday
9.00am to 7.00pm on Thursday
9.00am to 4.00pm on Saturday

View our General Mortgage Criteria
Secured Personal Loan MBASE01 4.94% 80% No £100 5.4% APRC No

Things you need to know

Fees
Product Fee: £100 (Can be added to the loan subject to maximum loan to value limits or paid by debit card prior to completion)

Availability
Existing Hanley mortgage customers only

Minimum Interest Rate
The interest rate on this product will not drop below 2.00%

Incentives
None

Loan Size
Minimum Loan £10,000
Maximum Loan £25,000

Maximum Loan to Value (LTV)
Secured Personal Loan up to 80%

Overpayments
There are no restrictions on overpayments

Higher Lending Charge
Not applicable

Early Repayment Charges
There are no Early Repayment Charges

Representative Example
A mortgage of £15,000 payable over 25 years on our Standard Variable Rate (SVR) of 4.94% would require 300 monthly payments of £87.16

The total amount payable would be £26,613 made up of the loan amount plus interest (£11,148), an application fee of £100, a funds transfer fee of £35, a valuation fee of £235 and a mortgage exit fee of £95

The overall cost for comparison is 5.4% APRC representative

Find out More or Apply
Call us on 01782 255000

Lines are Open

9.00am to 5.00pm Monday, Tuesday, Wednesday & Friday
9.00am to 7.00pm on Thursday
9.00am to 4.00pm on Saturday

View our General Mortgage Criteria
Standard Variable Rate MBASE01 4.94% 80% No No 5.1% APRC No

Things you need to know

Fees
There is no application fee

Minimum Interest Rate
The interest rate on this product will not drop below 2.00%

Incentives
None

Loan Size
Minimum Loan £30,000
Maximum Loan £900,000

Maximum Loan to Value (LTV)
House Purchase & Remortgage including additional borrowing up to 80%

Overpayments
There are no restrictions on overpayments

Higher Lending Charge
Not applicable

Early Repayment Charges
There are no Early Repayment Charges

Representative Example
A mortgage of £153,000 payable over 25 years on our Standard Variable Rate (SVR) of 4.94% for would require 300 monthly payments of £889.08

The total amount payable would be £267,089 made up of the loan amount plus interest (£113,724), a valuation fee of £235, a funds transfer fee of £35 and a mortgage exit fee of £95

The overall cost for comparison is 5.1% APRC representative

Find out More or Apply
Call us on 01782 255000

Lines are Open

9.00am to 5.00pm Monday, Tuesday, Wednesday & Friday
9.00am to 7.00pm on Thursday
9.00am to 4.00pm on Saturday

View our General Mortgage Criteria

Buy to Let Mortgages

Mortgage Product Product Code Initial Pay Rate Loan to Value Incentives Fees Overall Cost For Comparison Early Repayment Charges More Info
2 Year Variable Discount MDS134 2.64% 80% No No 4.8% APRC Yes

Things you need to know

Fees
There is no application fee
There is no product fee

Minimum Interest Rate
The interest rate on this product will not drop below 2.00%

Incentives
None

Loan Size
Minimum Loan £75,000
Maximum Loan £300,000

Maximum Loan to Value (LTV)
House Purchase & Remortgage up to 80%

Overpayments
Overpayments of up to 10% of the mortgage balance are permitted each Society 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 excess amount

Higher Lending Charge
Not applicable

Early Repayment Charges
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 £2,540 based on £127,000

Representative Example
A mortgage of £127,000 payable over 25 years initially on a discounted variable rate of 2.64% for 2 years and then on our
Standard Variable Rate (SVR) of 4.94% (variable) for the remaining 23 years would require 24 monthly payments of £578.74
and 276 monthly payments of £727.72

The total amount payable would be £215,105.48 made up of the loan amount plus interest (£87,740.48), a valuation fee of
£235, a funds transfer fee of £35 and a mortgage exit fee of £95

The overall cost for comparison is 4.8% APRC representative

Find out More or Apply
Call us on 01782 255000

Lines are Open

9.00am to 5.00pm Monday, Tuesday, Wednesday & Friday
9.00am to 7.00pm on Thursday
9.00am to 4.00pm on Saturday

View our General Mortgage Criteria
Buy To Let Fixed MFD221 3.69% 80% Yes No 4.8% APRC Yes

Things you need to know

Fees
There is no application fee
There is no product fee

Minimum Interest Rate
The interest rate on this product will not drop below 2.00%

Incentives
One free standard valuation. Where applicable there will be one free standard valuation per customer for properties up to £250,000. If your property is worth more than £250,000 then we will contribute £260 towards your valuation.

Loan Size
Minimum Loan £75,000
Maximum Loan £300,000

Maximum Loan to Value (LTV)
House Purchase & Remortgage up to 80%

Overpayments
Overpayments of up to 10% of the mortgage balance are permitted each Society year until 31 December 2019 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 addditional payments

Higher Lending Charge
Not applicable

Representative Example
A mortgage of £127,000 payable over 25 years initially on a Fix of 3.69% for 3 years and then on our
Standard Variable Rate (SVR) of 4.94% (variable) for the remaining 22 years would require 36 monthly payments of £648.81
and 264 monthly payments of £730.96.

The total amount payable would be £216,460.60 made up of the loan amount plus interest (£89,330.60), a funds transfer fee of £35 and a mortgage exit fee of £95.

The overall cost for comparison is 4.8% APRC representative

Find out More or Apply
Call us on 01782 255000

Lines are Open

9.00am to 5.00pm Monday, Tuesday, Wednesday & Friday
9.00am to 7.00pm on Thursday
9.00am to 4.00pm on Saturday

View our General Mortgage Criteria

Credit Repair Mortgages

Mortgage Product Product Code Initial Pay Rate Loan to Value Incentives Fees Overall Cost For Comparison Early Repayment Charges More Info
Credit Repair MDS130 3.94% 70% No £1,000 4.1% APRC Yes

Things you need to know

Fees
Non-refundable Application Fee: £250
Product Fee £750 (Can be added to the loan subject to maximum loan to value limits or paid by debit card prior to completion)

Minimum Interest Rate
The interest rate on this product will not drop below 2.00%

Incentives
None

Loan Size
Minimum Loan £30,000
Maximum Loan £500,000

Maximum Loan to Value (LTV)
House Purchase & Remortgage up to 70%

 

Early Repayment Charges
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 £3,660 based on £183,000

Representative Example
A mortgage of £183,000 payable over 25 years on a discounted variable rate of 3.94% for 25 years would require 300 monthly
payments of £959.89

The total amount payable would be £289,097.00 made up of the loan amount plus interest (£104,967.00), an application fee of £250, a Product fee of £750, a funds transfer fee of £35 and a mortgage exit fee of £95

The overall cost for comparison is 4.1% APRC representative^

Find out More or Apply

Call us on 01782 255000

Lines are Open

9.00am to 5.00pm Monday, Tuesday, Wednesday & Friday
9.00am to 7.00pm on Thursday
9.00am to 4.00pm on Saturday

View our General Mortgage Criteria