6.85% Fixed Rate Mortgage until 31 October 2025

6.85% Fixed Rate Mortgage until 31 October 2025

Initial Pay Rate


Loan to Value






Product Code



Early Replayment Charge:


Things you need to know

Repayment Basis

Capital & Interest.


No application fee or arrangement fee.

Minimum Interest Rate

The interest rate on this product will not drop below 2.00% (following the fixed rate period).


Free Valuation.

Loan Size

Minimum Loan: £30,000 Maximum Loan: £500,000.

Maximum Loan to Value

Purchase 95% of Share.
Remortgage 95% of Share.


Overpayments of up to 10% of the mortgage balance are permitted each anniversary year until 31 October 2025 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.

Property Location

Available for properties located in England & Wales.

Procuration Fee

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


This product is available for new mortgage customers only.

Early Repayment Charges

If this mortgage is repaid in full or in part before 31 October 2025 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 £2,440.46 based on £122,023.00.

Representative Example

A mortgage of £122,023.00 payable over 25 years initially on a Fixed Rate of 6.85% until 31 October 2025 and then on our Standard Variable Rate (SVR) of 8.49% (variable) for the remaining 23 years would require 24 monthly payments of £850.79 and 276 monthly payments of £974.56.

The total amount payable would be £289,558.64 made up of the
loan amount plus interest (£167,375.64), a funds transfer fee of £35.00 and a mortgage exit fee of £125.00.

The overall cost for comparison is 8.3% APRC representative.

Find out More or Apply

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).

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