5.95% Fixed Rate Mortgage for 5 Years- Retirement Interest Only

Interest Only

Arrangement Fee paid to The Hanley Economic Building Society. The fee can be paid on application or deducted from the loan on completion and interest will be charged on the fee. This fee is non-refundable, except in cases where the application does not proceed to completion £750

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

Minimum Loan: £30,000 Maximum Loan: £2,000,000 at 50% LTV, £1,500,000 at 65% LTV Please refer to the following page for more: information: https://www.thehanley.co.uk/maximum-ltv-and-loan-amounts

Purchase 65%
Remortgage 65%

Available for properties located in England, Wales & mainland Scotland (Islands by referral).

This product is available for new mortgage customers only

No early repayment charge is applicable.

There are no restrictions in terms of overpayments on this product.

No Higher Lending Charge is applicable

A mortgage of £100,000.00 payable over 55 years initially on a Fixed Rate of 5.95% for 5 Years and then on our Standard Variable Rate (SVR) of 7.99% (variable) for the remaining 50 years would require 60 monthly payments of £495.83 and 600 monthly payments of £665.83. The total amount payable would be £310,309.40 made up of the loan amount plus interest (£309,399.40), and an arrangement fee of £750, a CHAPs fee of £35 and a mortgage exit fee of £125.00. The overall cost for comparison is 7.8% APRC representative^

The Society will pay a procuration fee of 0.35% on completion to the intermediary.