5.99% Fixed Rate Mortgage for 2 Years- Retirement Interest Only

Interest Only

No application fee, arrangement fee or CHAPS fee

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

One Free Valuation

Minimum £10,000 Maximum £1,500,000.
Please refer to the following page for more information which details limits by lending type and basis 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

If this mortgage is repaid in full, or in part, before 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 £2,000.00 based on an initial mortgage balance of £100,000.00.

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 or in a lump sum. Any additional overpayments above 10% during this period will attract an early repayment charge 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 5.99% for 2 Years and then on our Standard Variable Rate (SVR) of 7.84% (variable) for the remaining 37 years would require 24 monthly payments of £499.17 and 444 monthly payments of £653.33. The total amount payable would be £402,094.44 made up of the loan amount plus interest (£302,059.44), a CHAPS fee of £35.00. The overall cost for comparison is 7.7% APRC representative^.

Call us on 01782 255000.

Lines are Open 9.00am to 5.00pm Monday to Friday, Saturdays 9am to 12.00pm.

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