2.70% Variable Discount for 5 years
2.70% Variable Discount for 5 years
Initial Pay Rate
5.29%
Loan to Value
60%
APRC
7.1%
Fees
None
Information
Early Repayment Charge:
Incentives:
Things you need to know
Capital & Interest
Interest Only (Applicants must meet the Society's Interest Only Criteria)
No Arrangement or application fee
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.
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