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 £30,000 Maximum £1,500,000.
Please refer to the following page for more information which details limits by lending type and basis https://www.thehanley.co.uk/maximum-ltv-and-loan-amounts.

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

There are no restrictions for overpayments.Overpayments may be made by monthly standing order, or in a lump sum.

A mortgage of £184,303.00 payable over 31 years initially on a discounted variable rate of 5.14% which represents a 2.70% discount off the Society's Standard Variable Rate (SVR), for 5 Years and then on our SVR of 7.84% (variable) for the remaining 26 years would require 60 monthly payments of £991.66 and 312 monthly payments of £1,282.02. The total amount payable would be £459,649.05 made up of the loan amount plus interest (£275,186.05), a CHAPS fee of £35.00, a mortgage exit fee of £125.00. The overall cost for comparison is 7.2% 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).