Please note, the Online Banking Portal will be unavailable from 7am - 2pm on Sunday 14th July due to site maintenance.

Please note, the Online Banking Portal will be unavailable from 7am - 2pm on Sunday 14th July due to site maintenance.

Please note, the Online Banking Portal will be unavailable from 7am - 2pm on Sunday 14th July due to site maintenance.

2.90% Variable Discount Mortgage for 2 Years

2.90% Variable Discount Mortgage for 2 Years

Initial Pay Rate

5.59%

Loan to Value

95%

APRC

8.1%

Fees

None

Product Code

MDS282

Information

Early Repayment Charge:

Incentives:

Things you need to know

Repayment Basis

Capital & Interest.

Fees

No application or arrangement fees

Minimum Interest Rate

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

Incentives

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

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 95%.
Remortgage 95%.

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

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 £4,554.18 based on £227,709.00.

Overpayments

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.

Representative Example

A mortgage of £227,709.00 payable over 25 years initially on a discounted variable rate of 5.59% for 2 years and then on our Standard Variable Rate (SVR) of 8.49% (variable) for the remaining 23 years would require 24 monthly payments of £1,410.60 and 276 monthly payments of £1,806.43. The total amount payable would be £532,587.66 made up of the loan amount plus interest (£304,718.66), a Funds transfer fee of £35.00 and a Mortgage Exit Fee of £125.


The overall cost for comparison is 8.1% 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).

Image of a couple with a laptop

Login/Register for our Intermediaries Portal

Register below to access our Intermediaries portal. Already a member? Log in to our portal to access your account.