5.77% Hanley ECO Self-Build Low Start - Variable Discount Mortgage for 2 Years (Arrears)

You must intend to build or renovate a property to an EPC rating of A or B and;

Plan to include at least two of the following qualifying energy efficient features:

• photovoltaics
• solar panels
• air source heat pump
• ground source heat pump
• rainwater harvesting
• greywater collection
• triple glazing
• mechanical ventilation with heat recovery system
• biomass pellet boiler
• wind turbines
• higher than usual levels of thermal insulation
• geothermal heating
• compostable toilet
• electric car charging stations

These features will need to be evidenced in the plans/costings.

This product is available for new mortgage customers only.

This product is available for custom-build.

Interest Only for 2 years then reverting to Capital and Interest

£999 Arrangement fee (deducted from the loan on completion)
Valuation fee- subject to value of property value

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

None.

See our loan size table here

Purchase - 80% (Land/Construction or Renovation End Valuation)
Remortgage - 80% (Land/Construction or Renovation End Valuation)

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

Overpayments may be made by standing order.

There is no early repayment charges.

A mortgage of £232,000.00 payable over 25 years initially on a discounted variable rate of 5.77% which represents a discount of 2.47% off the Society’s Standard Variable Rate (SVR) of 8.24%, for 2 years and then on our SVR of 8.24% (variable) for the remaining 23 years would require 24 monthly payments of £1,115.53 and 276 monthly payments of £1876.99. The total amount payable would be £546,455.80 made up of the loan amount plus interest (£312,821.83), a funds transfer fee of £35.00, an arrangement fee of £299.00, an exit fee of 125.00 and a valuation fee of £475.00. The overall cost for comparison is 8.2% APRC representative^.

To found out more about Self-build mortgages, read our guide HERE.

Call us on 01782 255000.

Lines are Open 9.00am to 5.00pm Monday to Friday.

The Society will pay a procuration fee of 0.50% on completion to the intermediary.

Buildout Indemnity Cover insurance is applicable and is paid for by The Society.