Unlock the door to your first home with our £2,000 Cashback Mortgage plus a chance to WIN £10,000! T&C's apply

Unlock the door to your first home with our £2,000 Cashback Mortgage plus a chance to WIN £10,000! T&C's apply

Unlock the door to your first home with our £2,000 Cashback Mortgage plus a chance to WIN £10,000! T&C's apply

2.80% Variable Discount for Term (Interest Only)

2.80% Variable Discount for Term (Interest Only)

Initial Pay Rate

5.69%

Loan to Value

75%

APRC

5.7%

Fees

£700

Product Code

MDS274

Information

Early Replayment Charge:

Incentives:

Things you need to know

Initial Pay Rate

5.69% Initial Pay Rate which represents a 2.80% discount off our Standard Variable Rate (8.49%)

Repayment Basis

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

Fees

£700 Arrangement fee (Deducted from loan amount on completion)

Minimum Interest Rate

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

Incentives

Free Valuation

£250 contribution to Remortgage Legals when re-mortgaging using the Society's nominated Solicitor.

Loan Size

Minimum Loan: £30,000 Maximum Loan: £500,000@75% LTV,£1,000,000 @ 60% LTV, £1,250,000 @ 50% LTV

Maximum Loan to Value

Purchase 75%.
Remortgage 75%.

Property Location

Available for properties located in England, Wales and Scotland (Selected Scottish Islands accepted, please refer to criteria).

Procuration Fee

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

Availability

This product is available for new mortgage customers only.

Early Repayment Charges

No Early Repayment Charges apply

Representative Example

A mortgage of £205,589.00 payable over 25 years on a discounted rate of 5.69% would require 300 interest only monthly payments of £974.83.

The total amount payable would be £498,899.35 made up of the loan amount plus interest (£292,450.35), a funds transfer fee of £35.00, arrangement fee of £700.00 and a mortgage exit fee of £125.00.

The overall cost for comparison is 5.7% APRC representative

Find out More or Apply

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).

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