Mortgages

We have consistently offered mortgages to customers and are regularly nominated for awards for our range of mortgage products. Previously having won “Best First-Time Buyer Mortgage Provider” having been nominated for “Best Lender for Discount Rates” by Moneywise

We offer fixed rate mortgages, discount mortgages, remortgages, buy to let, self-build, near prime 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 MFD266 1.95% 80% None £250 5.0% 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
None

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 31 August 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
Not applicable

Early Redemption Charge
If this mortgage is repaid in full before 31 August 2020 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 £2,840 based on £142,000

Representative example
A  mortgage of £142,000 payable over 25 years initially on a Fix of 1.95% for 2 years and then on our Standard Variable Rate (SVR) of 5.44% (variable) for the remaining 23 years would require 24 monthly payments of £598.42 and 276 monthly payments of £845.65. The total amount payable would be £248,142.10 made up of the loan amount plus interest (£105,762.10),an Application fee of £250, a Funds transfer fee of £35 and a Mortgage Exit Fee of £95.

The overall cost for comparison is 5.0% APRC representative

Find out More or Apply
Call us on 01782 255159

Lines are Open

9.00am to 5.00pm Monday to Friday

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
Variable Discount for Term MDS175 1.94% 65% Yes £750 2.0% APRC No

Things you need to know

Repayment Basis
Capital & Interest
Interest Only (Where the repayment vehicle is the property there must be a minimum of £250,000 equity)

Interest Rate
The interest rate is a 3.50% discount off the Society’s Standard Variable Rate, currently 5.44%

Fees
Non-refundable application fee: £250
Product fee: £500 (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 1.69%

Incentives
Free Legals when remortgaging using the Society’s nominated Solicitor.
One free standard valuation – Terms & Conditions Apply

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

Maximum Loan to Value (LTV)
House Purchase 65%
Remortgage 65%

Overpayments
Overpayments may be made by monthly standing order.

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

Early Repayment Charges
There are no Early Repayment Charges

Representative Example
A mortgage of £99,000 payable over 25 years on a discounted variable rate of 1.94% for 25 years would require 300 monthly payments of £416.73. The total amount payable would be £125,899.00 made up of the loan amount plus interest (£26,019.00),an Application fee of £250, a Product fee of £500, a Funds transfer fee of £35 and a Mortgage Exit Fee of £95.

The overall cost for comparison is 2.0% 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
5 Year Variable Discount MDS173 2.10% 50% Yes £499 4.3% APRC No

Things you need to know

Fees
Non-refundable Application Fee: £250
Product Fee: £249 (Can be added to the loan or paid by debit card prior to completion)

Repayment Basis
Capital & Interest
Interest Only (The property can be used as the repayment vehicle, subject that sufficient equity will be available post sale to meet the borrower’s future housing expectations)

Minimum Interest Rate
The interest rate on this product will not drop below 1.85%

Loan Size
Minimum Loan £30,000
Maximum Loan £1,250,000

Maximum Loan to Value (LTV)
House Purchase 50%
Remortgage 50%

Incentives
Free Legals when remortgaging using the Society’s nominated Solicitor
One free standard valuation – Terms & Conditions Apply

Overpayments
There are no restrictions on overpayments which may be made by standing order

Higher Lending Charge
Not applicable

Early Repayment Charges
There are no Early Repayment Charges

Representative Example
A mortgage of £500,000 payable over 25 years initially on a discounted variable rate of 2.10% for 5 years and then on our Standard Variable Rate (SVR) of 5.44% (variable) for the remaining 20 years would require 60 monthly payments of £2,143.70 and 240 monthly payments of £2,873.63 The total amount payable would be £818,920.96 made up of the loan amount plus interest (£318,291.96), an Application fee of £250, a Product fee of £249, a Funds transfer fee of £35 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
3.45% Variable Discount for Term - Shared Ownership MDS170 3.70% 95% of Share None None 5.2% 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%

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 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 lending payments

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 £1,300 based on £65,000

Representative Example
A mortgage of £65,000 payable over 25 years on a discounted variable rate of 3.70% for 2 years and then on our standard variable rate (SVR) of 5.44% (variable) for the remaining 23 years would require 24 monthly payments of £332.42 and 276 monthly payments of £392.39. The total amount payable would be £116,407.15 made up of the loan amount plus interest (£51,277.15), a funds transfer fee of £35 and a mortgage exit fee of £95.
The overall cost for comparison is 5.2% 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
Variable Discount for Term MDS169 2.10% 80% Yes £950 2.2% APRC No

Things you need to know

Fees
Non-refundable application fee: £250

Product fee : £700 (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 1.85%

Incentives
Free Legals when remortgaging using the Society’s nominated Solicitor
One free standard valuation – Terms & Conditions Apply

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

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

Overpayments
Overpayments may be made by monthly standing order.

Early Repayment Charges
No early repayment charge applies.

Representative Example
A mortgage of £142,000 payable over 25 years initially on a discounted variable rate of 2.10% for 25 years would require 300 monthly payments of £608.81.  The total amount payable would be £183,723.08 made up of the loan amount plus interest (£40,643.08), an application fee of £250, a product fee of £700, a funds transfer fee of £35 and a mortgage exit fee of £95.

The overall cost for comparison is 2.2% 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
5 Year Variable Discount MDS147 2.19% 90% Yes £250 4.4% 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 1.69%

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

Maximum Loan to Value (LTV)
House Purchase 90%
Remortgage 90%

Incentives
One free standard valuation – Terms & Conditions Apply

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

Higher Lending Charge
Not applicable

Early Repayment Charges
If this mortgage is repaid in full or in part during the first 5 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 £4,380 based on £146,000

Representative Example
A mortgage of £146,000 payable over 25 years initially on a rate of 2.19% which represents a Discount of 3.25%, for 5 years and then on our Standard Variable Rate (SVR) of 5.44% (variable) for the remaining 20 years would require 60 monthly payments of £632.42 and 240 monthly payments of £840.68. The total amount payable would be £240,089.46 made up of the loan amount plus interest (£93,709.46), an application fee of £250, a funds transfer fee of £35 and a mortgage exit fee of £95.

The overall cost for comparison is 4.4% 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
Help to Buy Outright
2 Year Variable Discount
MDS159 2.19% 90% Yes None 5.0% 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 1.94%

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

Maximum Loan to Value (LTV)
Remortgage 90%

Incentives
One free standard valuation – Terms & Conditions Apply

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

Higher Lending Charge
Not applicable

Notes
Applicants must first gain approval from their local H2B agent having had their property independently valued first – full details are available at https://www.myfirsthome.org.uk/
The product is only applicable to those Applicants who wish to redeem in full with their current lender and remortgage the Government’s equity share in full
We will undertake our own valuation as normal and our decision to lend will be based upon this valuation and not the Applicants up to a maximum of 90% LTV

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 £4,380 based on £146,000

Representative Example
A mortgage of £146,000 payable over 25 years initially on a rate of 2.19% which represents a Discount of 3.25%, for 2 years and then on our Standard Variable Rate (SVR) of 5.44% (variable) for the remaining 23 years would require 24 monthly payments of 632.42 and 276 monthly payments of £871.22. The total amount payable would be £255,763.79 made up of the loan amount plus interest (£109,633.79), a Funds transfer fee of £35 and a Mortgage Exit Fee of £95.

The overall cost for comparison is 5.0% 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
Variable Discount for 2 years MDS153 3.60% 95% Yes £250 5.2% 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%

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

Maximum Loan to Value (LTV)
95%

Incentives
One free standard valuation – Terms & Conditions Apply

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

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

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 £3,600 based on £120,000

Representative Example
A mortgage of £120,000 payable over 25 years initially on a rate of 3.60% which represents a Discount of 1.84%, for 2 years and then on our Standard Variable Rate (SVR) of 5.44% (variable) for the remaining 23 years would require 24 monthly payments of 607.20 and 276 monthly payments of £723.89. The total amount payable would be £214,747.07 made up of the loan amount plus interest (£94,367.07), an Application fee of £250, a Funds transfer fee of £35 and a Mortgage Exit Fee of £95.

The overall cost for comparison is 5.2% 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
Variable Discount
for 2 Years
MDS164 2.50% 90% No None 5.0% 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%

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

Maximum Loan to Value (LTV)
90% 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 £1,110 based on £55,000

Representative Example
A mortgage of £55,000 payable over 25 years initially on a discounted variable rate of 2.50% for 2 years and then on our Standard Variable Rate (SVR) of 5.44% (variable) for the remaining 23 years would require 24 monthly payments of £246.74 and 276 monthly payments of £329.03. The total amount payable would be £96,862.93 made up of the loan amount plus interest (£41,732.93), a Funds transfer fee of £35 and a Mortgage Exit Fee of £95

The overall cost for comparison is 5.0% 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
5 Year Variable Discount MDS160 3.20% 95% Yes None 4.7% 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%

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

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

Incentives
One free standard valuation – Terms & Conditions Apply

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

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

Early Repayment Charges
If this mortgage is repaid in full during the first 5 years an early repayment charge will apply. This will be 3% of the balance
repaid during the first 2 years then 2% for 3 years.

Example – The maximum early repayment charge you could pay is £3,600 based on £120,000

Representative Example
A mortgage of £120,000 payable over 25 years initially on a rate of 3.20% which represents a Discount of 2.24%, for 5 years and then on our Standard Variable Rate (SVR) of 5.44% (variable) for the remaining 20 years would require 60 monthly payments of £581.61 and 240 monthly payments of £705.05. The total amount payable would be £204,239.52 made up of the loan amount plus interest (£84,109.52), a Funds transfer fee of £35 and a Mortgage Exit Fee of £95.

The overall cost for comparison is 4.7% 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 MDS171 3.24% 95% Yes Yes 5.2% 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

Maximum Loan to Value (LTV)
House Purchase 95%

Incentives
One free standard valuation – Terms & Conditions Apply

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
A Higher Lending Charge is applicable and is paid for by the Society

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 £3,600 based on £120,000.

Representative Example
A mortgage of £120,000 payable over 25 years initially on a discounted variable rate of 3.24% for 2 years and then on our Standard Variable Rate (SVR) of 5.44% (variable) for the remaining 23 years would require 24 monthly payments of £584.15 and 276 monthly payments of £721.99. The total amount payable would be £213,668.81 made up of the loan amount plus interest (£93,288.81), an application fee of £250, a funds transfer fee of £35 and a mortgage exit fee of £95.

The overall cost for comparison is 5.2% 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
Further Advance
MDS152 2.1% 80% No None 2.1% APRC Yes

Things you need to know

Fees
There are no application for product fees

Availability
Existing Hanley mortgages customers only

Minimum Interest Rate
The interest rate on this product will not drop below 1.84%

Incentives
None

Loan Size
Minimum Loan £10,000
Maximum Loan £500,000

Maximum Loan to Value (LTV)
Home Improvements 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 amount of the additional payments

Higher Lending Charge
Not applicable

Early Repayment Charges
I
f 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 £300 based on £15,000

Representative Example
A mortgage of £15,000 payable over 25 years on a rate of 2.09% which represents a Discount of 3.35%, for 25 years would require 300 monthly payments of £64.24. The total amount payable would be £19,401.23 made up of the loan amount plus interest (£4,271.23), a Funds transfer fee of £35 and a Mortgage Exit Fee of £95.
The overall cost for comparison is 2.1% 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
Secured Personal Loan MBASE01 5.44% 80% No £100 5.6% 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 5.44% would require 300 monthly payments of £91.58. The total amount payable would be £27,937.93 made up of the loan amount plus interest (£12,472.93), a Product 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 5.6% 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
Standard Variable Rate MBASE01 5.19% 80% No None 5.4% 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 £500,000

Maximum Loan to Value (LTV)
House Purchase 80%
Remortgage 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 5.19% for would require 300 monthly payments of £911.44 The total amount payable would be £273,747.11 made up of the loan amount plus interest (£120,382.11), a valuation fee off £235, a funds transfer fee of £35 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

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 MDS166 3.14% 80% No £499 5.1% APRC Yes

Things you need to know

Fees
There is a £250 Application Fee
There is £249 Product Fee (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 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 £2,700 based on £135,000.

Representative Example
A mortgage of £135,000 payable over 25 years initially on a discounted variable rate of 3.14% for 2 years and then on our Standard Variable Rate (SVR) of 5.44% (variable) for the remaining 23 years would require 24 monthly payments of £650.06 and 276 monthly payments of £811.63. The total amount payable would be £240,240.76 made up of the loan amount plus interest (£104,611.76), an application fee of £250, a product fee of £249, 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
Fixed for 5 Years MFD265 3.49% 80% None £1249 4.9% APRC Yes

Things you need to know

Fees
Non-refundable Application Fee: £250
Product Fee: £999 (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 80%
Remortgage up to 80%

Overpayments
Overpayments of up to 10% of the mortgage balance are permitted each Society year until 31 August 2023 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.

Early Repayment Charges
If this mortgage is repaid in full before 31 August 2023 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 £2,700 based on £135,000.

Representative example
A mortgage of £135,000 payable over 25 years initially on a fix of 3.49% for 5 years and then on our Standard Variable Rate (SVR) of 5.44% (variable) for the remaining 20 years would require 60 monthly payments of £675.12 and 240 monthly payments of £797.52. The total amount payable would be £233,291.08 made up of the loan amount plus interest (£96,912.08), an application fee of £250, a Product fee of £999, 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 255159

Lines are Open

9.00am to 5.00pm Monday to Friday

View our General Mortgage Criteria

Residential Interest Only Mortgages

Mortgage Product Product Code Initial Pay Rate Loan to Value Incentives Fees Overall Cost For Comparison Early Repayment Charges More Info
Interest Only MDS135 3.29% 75% No £500 5.2% APRC Yes

Things you need to know

Fees
Non-refundable Application Fee: £250
Product 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
None

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

Maximum Loan to Value (LTV)
House Purchase 75%
Remortgage 75%

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 initially on a discounted variable rate of 3.29% for2 years and then on our Standard Variable Rate (SVR) of 5.44% (variable) for the remaining 23 years would require 24 monthly payments of £895.66 and 276 monthly payments of £1,101.44. The total amount payable would be £326,124.36 made up of the loan amount plus interest (£142,494.36), an application fee of £250, a product fee of £250, a funds transfer fee of £35 and a mortgage exit fee of £95.

The overall cost for comparison is 5.2% 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
Near Prime
2 Year Variable
MDS150 3.44% 50% No £500 5.2% APRC Yes

Things you need to know

Fees
Non-refundable application fee: £250
Product 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
None

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

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

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 £1,580 based on £79,000

Representative Example
A mortgage of £79,000 payable over 25 years initially on a rate of 3.44% which represents a Discount of 2.00%, for 2 years and then on our Standard Variable Rate (SVR) of 5.44% (variable) for the remaining 23 years would require 24 monthly payments of £392.96 and 276 monthly payments of £476.01. The total amount payable would be £141,439.98 made up of the loan amount plus interest (£61,809.98), an application fee of £250, a Product fee of £250, a funds transfer fee of £35 and a mortgage exit fee of £95

The overall cost for comparison is 5.2% 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
Near Prime
2 Year Variable
MDS151 4.24% 60% No £750 5.3% APRC Yes

Things you need to know

Fees
Non-refundable Application Fee: £250
Product Fee £500 (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 60%
Remortgage 60%

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 £2,580 based on £129,000

Representative Example
A mortgage of £129,000 payable over 25 years initially on a rate of 4.24% which represents a Discount of 1.20%, for 2 years and then on our Standard Variable Rate (SVR) of 5.44% (variable) for the remaining 23 years would require 24 monthly payments of £698.12 and 276 monthly payments of £781.65. The total amount payable would be £233,369.22 made up of the loan amount plus interest (£103,489.22), an Application fee of £250, a Product fee of £500, a Funds transfer fee of £35 and a Mortgage Exit Fee of £95.

The overall cost for comparison is 53% 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
Near Prime
2 Year Variable
MDS133 5.25% 70% No £1,250 5.5% APRC Yes

Things you need to know

Fees
Non-refundable Application Fee: £250
Product Fee £1000 (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 70%
Remortgage 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 initially on a discounted variable rate of 5.25% for 2 years and then on our Standard Variable Rate (SVR) of 5.44% (variable) for the remaining 23 years would require 24 monthly payments of £1,096.62 and 276 monthly payments of £1,115.97. The total amount payable would be £335,708.01 made up of the loan amount plus interest (£151,328.01), an application fee of £250, a product fee of £1,000, a funds transfer fee of £35 and a mortgage exit fee of £95.

The overall cost for comparison is 5.5% 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

Self Build Mortgages

Mortgage Product Product Code Initial Pay Rate Loan to Value Incentives Fees Overall Cost For Comparison Early Repayment Charges More Info
BuildLoan / Buildstore Exclusive - Accelerator MVAR22 5.04% 60% No None 5.0% APRC Yes

Things you need to know

Fees
There is no application fee or product 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 £500,000

Maximum Loan to Value (LTV)
House Purchase & Remortgage up to 60%

Procuration Fee
The Society will pay a procuration fee of 0.80% on completion to the Buildstore / Buildloan

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 £2,580 based on £129,000

Representative Example
A mortgage of £129,000 payable over 25 years on a discounted variable rate of 5.04% for 25 years would require 300 monthly payments of £757.13. The total amount payable would be £227,269.17 made up of the loan amount plus interest (£98,139.17), a Funds transfer fee of £35 and a Mortgage Exit Fee of £95

The overall cost for comparison is 5.0% 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
Direct Self-Build MDS177 4.24% 80% No £899 5.3% APRC Yes

Things you need to know

Fees
Non-refundable Application Fee: £250
Product Fee: £649 (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 £1,000,000 (Loans over £500,00 will be considered on an individual basis)

Maximum Loan to Value (LTV)
House Purchase – 80% (Land/Construction or Renovation/End Valuation)
Remortgage – 80% (Land/Construction or Renovation/End Valuation)

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

Self-Build Guide
Our qualified Mortgage Advisers and Underwriters will help you to realise your Self-Build dream. To begin the process we have put together a simple Self-Build guide on how the process works.

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 £3,000 based on £150,000.

Representative Example
A mortgage of £150,000 payable over 25 years initially on a discounted variable rate of 4.24% for 2 years and then on our Standard Variable Rate (SVR) of 5.44% (variable) for the remaining 23 years would require 24 monthly payments of £811.77 and 276 monthly payments of £908.89. The total amount payable would be £271,365.31 made up of the loan amount plus interest (£120,336.31), an application fee of £250, a Product fee of £649, a funds transfer fee of £35 and a mortgage exit fee of £95.

The overall cost for comparison is 5.3% 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
BuildLoan / Buildstore
Exclusive - Arrears
MDS139 4.74% 80% No £1,000 4.8% 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 £1,000,000 (Loans over £500,00 will be considered on an individual basis)

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

Procuration Fee
The Society will pay a procuration fee of 0.80% on completion to the Buildstore / Buildloan

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 £4,320 based on £216,000

Representative Example
A mortgage of £216,000 payable over 25 years on a discounted variable rate of 4.74% for 25 years would require 300 monthly payments of £1,230.21. The total amount payable would be £370,193.44 made up of the loan amount plus interest (£143,768.96), 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 4.8% 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
BuildLoan / Buildstore Exclusive - Accelerator MVAR16 5.49% 80% No £750 5.5% APRC Yes

Things you need to know

Fees
Non-refundable Application Fee: £250
Product Fee £500 (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 80%
Remortgage 80%

Procuration Fee
The Society will pay a procuration fee of 0.80% on completion to the Buildstore / Buildloan

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 £4,320 based on £216,000

Representative Example
A mortgage of £216,000 payable over 25 years on a Variable Rate of 5.49% for 25 years would require 300 monthly payments of £1,325.14.
The total amount payable would be £398,421.81 made up of the loan amount plus interest (£181,541.81), an application fee of £250, a product fee of £500, a funds transfer fee of £35 and a mortgage exit fee of £95..

The overall cost for comparison is 5.5% 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
BuildLoan / Buildstore Custom Build Exclusive MDS114 5.24% 80% No £1,000 5.3% APRC Yes

Things you need to know

Fees
Non-refundable Application Fee: £250
Product 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
None

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

Maximum Loan to Value (LTV) on an arrears basis
House Purchase 80%
Remortgage 80%

Distribution
Our Custom Build mortgages are available through Buildstore – Hanley’s Self-Build expert partner

Procuration Fee
The Society will pay a proc fee of 0.50% of the loan value to Buildstore on the completion of this mortgage

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 £216,000 payable over 25 years on a variable rate of 5.24% would require 300 monthly payments of £171,930.31. The total amount payable would be £389,060.31 made up of the loan amount plus interest (£171,930.31), 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 5.3% 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
Mary Riley Custom Build Advance Exclusive - Advanced MVAR21 5.49% 85%/80% No £999 5.5% APRC Yes

Things you need to know

Fees
Non-refundable Application Fee: £250
Product Fee £749 (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 – 85% (Land/Construction or Renovation/End Valuation). Maximum 80% at final value upon completion

Remortgage – 85% (Land/Construction or Renovation/End Valuation).Maximum 80% at final value upon completion

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

Procuration Fee
The Society will pay a procuration fee of 0.50% on completion to the Mary Riley Custom Build Funding Ltd

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 £3,200 based on £160,000

Representative Example

A mortgage of £160,000 payable over 25 years on a Variable Rate of 5.24% for 25 years would require 300 monthly payments of £981.58. The total amount payable would be £295,604.41 of the loan amount plus interest (£134,475.41), an Application fee of £250, a Product fee of £749, a funds transfer fee of £35 and a Mortgage Exit Fee of £95.

The overall cost for comparison is 5.5% 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
Direct Self Build - Variable Discount for 2 Years MDS178 3.44% 60% None £799 5.2% Yes

Things you need to know

Fees
Non-refundable Application Fee: £250
Product Fee: £549 (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 £1,000,000 (Loans over £500,00 will be considered on an individual basis)

Maximum Loan to Value (LTV)
House Purchase – 60% (Land/Construction or Renovation/End Valuation)
Remortgage – 60% (Land/Construction or Renovation/End Valuation)

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

Self-Build Guide
Our qualified Mortgage Advisers and Underwriters will help you to realise your Self-Build dream. To begin the process we have put together a simple Self-Build guide on how the process works.

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 £2,580 based on £129,000.

Representative Example
A mortgage of £129,000 payable over 25 years initially on a discounted variable rate of 3.19% which represents a discount of 2.00%, for 2 years and then on our Standard Variable Rate (SVR) of 5.19% (variable) for the remaining 23 years would require 24 monthly payments of £624.56 and 276 monthly payments of £758,12. The total amount payable would be £225,135.46 made up of the loan amount plus interest (£95,206.46), an application fee of £250, a Product fee of £549, 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