2.70% Variable Discount for 5 years

Capital & Interest

Interest Only (Applicants must meet the Society's Interest Only Criteria)

No Arrangement or application fees

CHAPS fee is paid to The Hanley Economic Building Society. The fee can be paid on application or deducted on completion of the loan and interest will be charged on the fee. This non-refundable fee covers the electronic transfer of mortgage funds to you or your solicitor, unless the application does not proceed to completion £35

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

Free Valuation

Minimum Loan: £30,000

Maximum Loan: £1,500,000 at 60% LTV, £2,000,000 at 50% LTV (Loans over £500,000 will be considered on an individual basis)

Purchase 60%

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.

No Early Repayment Charges apply

A mortgage of £207,487.00 payable over 25 years initially on a discounted variable rate of 5.29% for 5 years and then on our Standard Variable Rate (SVR) of 7.99% (variable) for the remaining 20 years would require 60 monthly payments of £1,248.26 and 240 monthly payments of £1,543.19.The total amount payable would be £455,420.96 made up of the loan amount plus interest (£237,773.96), a Funds transfer fee of £35 and a Mortgage Exit Fee of £125. The overall cost for comparison is 7.1% 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 are permitted and may be made by monthly standing order.