5.79% Fixed for 5 Years ST Rent to Own Mortgage

Capital & Interest.

Valuation fee- subject to value of property value*

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

None

Minimum Loan: £30,000 Maximum Loan: £350,000

Purchase 100%.

Available for properties with an ST postcode only.

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

There is an early repayment charge of 3% (on a balance of £153,000 this would cost £4590.00)

Overpayments of up to 10% of the mortgage balance are permitted each anniversary year during the first 5 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.

Higher Lending Charge is applicable and paid for by the Society.

A mortgage of £153,000.00 payable over 29 years initially at a fixed rate of 5.79% for 5 years and then on our SVR of 8.24% (variable) for the remaining 24 years would require 60 monthly payments of £908.36 and 288 monthly payments of £1126.50. The total amount payable would be £380,092.12 made up of the loan amount plus interest (£225,932.12), a funds transfer fee of £35.00, an exit fee of 125.00 and a valuation fee of £300.00. 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).