5.64% Fixed Rate 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

Purchase 95%.
Remortgage 95%.

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 or in part 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 £3,958.94 based on £197,947.00.

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

No Higher Lending Charge is applicable

A mortgage of £100,000.00 payable over 39 years initially on a Fixed Rate of 5.20% for 2 Years and then on our Standard Variable Rate (SVR) of 7.74% (variable) for the remaining 36.75 years would require 27 monthly payments of £433.33 and 441 monthly payments of £645.00. The total amount payable would be £397,239.00 made up of the loan amount plus interest (£296,780.00), an arrangement fee of £299.00, a CHAPS fee of £35.00, 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).