3.19% Variable Discount Mortgage for 2 years

Capital & Interest.

No application or arrangement 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%.

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).