3.19% Variable Discount Mortgage for 2 years

Capital & Interest.

No application or arrangement fees

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

One Free Valuation
£250 cashback will be paid to your solicitors on completion of the mortgage.

Minimum Loan: £30,000

Maximum Loan: £500,000 at 90% LTV, £750,000 at 80% LTV, £1,000,000 at 60% LTV, £1,250,000 at 50% LTV

Purchase 90%.
Remortgage 90%.

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.

New Business - All of our savings and mortgage products are only available to UK residents

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 £3,941.80 based on £197,090.00.

Overpayments of up to 10% of the mortgage balance are permitted each anniversary 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.

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

A mortgage of £197,090.00 payable over 25 years initially on a discounted variable rate of 4.80% which represents a 3.19% discount off the Society's Standard Variable Rate (SVR), for 2 years and then on our SVR of 7.99% (variable) for the remaining 23 years would require 24 monthly payments of £1,129.32 and 276 monthly payments of £1,494.59. The total amount payable would be £439,770.91 made up of the loan amount plus interest (£242,520.91), a Funds transfer fee of £35 and a Mortgage Exit Fee of £125.00. The overall cost for comparison is 7.6% 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).