Mortgages
We have consistently offered mortgages to customers and are regularly nominated for awards for our range of mortgage products. We have won “Moneyfacts Best First-Time Buyer Mortgage Provider” twice in recent times and have been highly commended as “Moneyfacts Best Regional Building Society”
We offer fixed rate mortgages, discount mortgages, remortgages, buy to let, self-build, near prime, retirement interest only and first time buyer mortgages
We can provide mortgages throughout England, Wales and Scotland (Scottish Islands by referral only). Please note all of our mortgage products are only available to UK residents, with the exception of Ex-Pat Buy-to-Let mortgages.
Whatever your personal mortgage requirements are, maybe you’re a first time buyer, self-employed or maybe you are looking for the best deal on your remortgage, our experienced team of mortgage advisers are on hand to work hard on your behalf to ensure we get the best mortgage deal for you
Our mortgages are individually underwritten by our experienced underwriting team. We don’t use automated credit scoring because we believe our approach is more personal and allows us to get a better understanding our customers requirements
Our current list of mortgage products for new business is shown below. Contact us on 01782 255000, Option 2 Direct Mortgages then Option 1 New Mortgage Enquiries for more details about our mortgage products or visit us in branch to see what we can do for you.
Please note we are currently re-pricing our range of fixed rate mortgage products as a result of the Bank of England base rate rise on 16 June 2022.
Fixed Rate Residential Mortgages
| Mortgage Product |
Product Code |
Initial Pay Rate |
Loan to Value |
Incentives |
Fees |
Overall Cost For Comparison |
Early Repayment Charges |
More Info |
Residential Variable Rate Mortgages
| Mortgage Product |
Product Code |
Initial Pay Rate |
Loan to Value |
Incentives |
Fees |
Overall Cost For Comparison |
Early Repayment Charges |
More Info |
Buy to Let Mortgages
| Mortgage Product |
Product Code |
Initial Pay Rate |
Loan to Value |
Incentives |
Fees |
Overall Cost For Comparison |
Early Repayment Charges |
More Info |
Residential Interest Only Mortgages
| Mortgage Product |
Product Code |
Initial Pay Rate |
Loan to Value |
Incentives |
Fees |
Overall Cost For Comparison |
Early Repayment Charges |
More Info |
Retirement Interest Only Mortgages
| Mortgage Product |
Product Code |
Initial Pay Rate |
Loan to Value |
Incentives |
Fees |
Overall Cost For Comparison |
Early Repayment Charges |
More Info |
| Variable Discount for Term (with LPA/CPA) |
MDS209 |
2.34% |
50% |
None |
£250 |
2.4% APRC |
No |
 |
Things you need to know
Repayment Basis
Interest Only
Fees
Non-refundable Application Fee: £250
Minimum Interest Rate
The interest rate on this product will not drop below 2.00%
Incentives
No
Loan Size
Minimum Loan £10,000
Maximum Loan £750,000
Maximum Loan to Value (LTV)
House Purchase 50%
Remortgage 50%
Lasting Power of Attorney (LPA)
An LPA must be in place to be eligible for this product (‘Continuing Power of Attorney’ in Scotland)
Property Location
Available for properties located in England, Wales and Scotland (Selected Scottish Islands accepted, please refer to criteria)
Availability
This product is available for new mortgage customers only.
Early Repayment Charges
There are no early repayment charges.
Representative Example
A mortgage of £56,275 payable over 25 years on a discounted variable rate of 2.34% for 25 years would require 300 monthly payments of £109.74. The total amount payable would be £89,740.88 made up of the loan amount plus interest (£32,920.88), an Application fee of £250, a Valuation fee of £260 and a Funds Transfer fee of £35.
The overall cost for comparison is 2.4% APRC representative
RIO Guide
To found out more about Retirement Interest Only Mortgages, read our helpful guide HERE
Find out More or Apply
Call us on 01782 255000
Lines are open 9.00am to 1.00pm Monday to Friday
How Much Can I Borrow?
View our General Mortgage Criteria
|
| Variable Discount for Term (no LPA/CPA) |
MDS204 |
2.84% |
50% |
None |
£250 |
2.9% APRC |
No |
|
Things you need to know
Repayment Basis
Interest Only
Fees
Non-refundable Application Fee: £250
Minimum Interest Rate
The interest rate on this product will not drop below 2.00%
Incentives
No
Loan Size
Minimum Loan £10,000
Maximum Loan £750,000
Maximum Loan to Value (LTV)
House Purchase 50%
Remortgage up to 50%
Property Location
Available for properties located in England, Wales and Scotland (Selected Scottish Islands accepted, please refer to criteria)
Availability
This product is available for new mortgage customers only.
Early Repayment Charges
There are no early repayment charges.
Representative Example
A mortgage of £56,275 payable over 25 years on a discounted variable rate of 2.84% for 25 years would require 300 monthly payments of £133.18. The total amount payable would be £96,775.25 made up of the loan amount plus interest (£39,955.25), an Application fee of £250, a Valuation fee of £260 and a Funds Transfer fee of £35.
The overall cost for comparison is 2.9% APRC representative
RIO Guide
To found out more about Retirement Interest Only Mortgages, read our helpful guide HERE
Find out More or Apply
Call us on 01782 255000
Lines are open 9.00am to 1.00pm Monday to Friday
How Much Can I Borrow?
View our General Mortgage Criteria
|
Self Build Mortgages
| Mortgage Product |
Product Code |
Initial Pay Rate |
Loan to Value |
Incentives |
Fees |
Overall Cost For Comparison |
Early Repayment Charges |
More Info |
| Variable Discount for 2 Years (Arrears) (For Part-Built) |
MDS239 |
3.25% |
60% |
None |
£1,498 |
4.6% APRC |
No |
|
Things you need to know
Repayment Basis
Capital & Interest
Interest Only (For a maximum of 2 years)
Fees
Non-refundable Application Fee: £299
Arrangement Fee: £1,199 (Deducted from the loan on completion)
Minimum Interest Rate
The interest rate on this product will not drop below 2.00%
Incentives
None
Loan Size
Minimum Loan £30,000
Maximum Loan £500,000
Maximum Loan to Value (LTV)
House Purchase 60% (Land / Construction or Renovation End Valuation)
Remortgage 60% (Land / Construction or Renovation End Valuation)
Overpayments
There are no restrictions on overpayments.
Property Location
Available for loans on properties in England, Wales and Scotland (Selected Scottish Islands accepted, please refer to criteria)
Availability
This product is available for new mortgage customers only.
Early Repayment Charges
There are no early repayment charges.
Product Specific Criteria
The property should be at a minimum of wall plate level for self-build for full structural overhaul including roofing and damp proof course in respect of a renovation.
Covered by an acceptable warranty provider (retrospective warranty is not acceptable – see self-build lending guide for details).
Certified by the warranty provider and sign off certificates for each stage should be submitted with the application.
Funds will be released in stages
Representative Example
A mortgage of £206,000 payable over 25 years initially on a discounted variable rate of 3.25% for 2 years and then on our Standard Variable Rate (SVR) of 4.79% (variable) for the remaining 23 years would require 24 monthly payments of £1,003.87and 276 monthly payments of £1,166,78. The total amount payable would be £348,093.13 made up of the loan amount plus interest (£140,125.13), an Application fee of £299, an Arrangement fee of £1,199, a Funds transfer fee of £35 a Valuation Fee of £310 and a Mortgage Exit Fee of £125.
The overall cost for comparison is 4.6% APRC representative
Self-Build Guide
To found out more about Self-build mortgages, read our guide HERE
Find out More or Apply
Call us on 01782 255000
Lines are Open 9.00am to 1.00pm Monday to Friday
How Much Can I Borrow?
Monthly Payment Calculator
View our General Mortgage Criteria
|
| 2 Year Variable Discount (Arrears) |
MDS237 |
3.84% |
60% |
None |
£999 |
4.7% APRC |
Yes |
|
Things you need to know
Repayment Basis
Capital & Interest
Interest Only (For a maximum of 2 years)
Fees
Non-refundable Application Fee: £299
Arrangement Fee: £700 (Deducted from the loan on completion)
Minimum Interest Rate
The interest rate on this product will not drop below 2.00%
Incentives
No
Loan Size
Minimum Loan £30,000
Maximum Loan £1,250,000 up to 50% LTV £1,000,000 up to 60% LTV, (Loans above £500,000 will be considered on an individual basis)
Maximum Loan to Value (LTV)
House Purchase 60% (Land / Construction or Renovation End Valuation)
Remortgage 60% (Land / Construction or Renovation End Valuation)
Overpayments
Overpayments of up to 10% of the mortgage balance are permitted each Society year during the first 2 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.
Property Location
Available for loans on properties in England, Wales and Scotland (Selected Scottish Islands accepted, please refer to criteria)
Availability
This product is available for new mortgage customers only.
Early Repayment Charges
If this mortgage is repaid in full 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 £4,120 based on £206,000.
Representative Example
A mortgage of £206,000 payable over 25 years on a discounted variable rate of 3.84% which represents a discount of 0.95%, for 2 years and then on our Standard Variable Rate 4.79% (variable) for the remaining 23 years would require 24 monthly payments of £1,069.23 and 276 monthly payments of £1,171.45. The total amount payable would be £350,377.17 made up of the loan amount plus interest (£142,878.17), an application fee of £299, an arrangement fee of £700, a funds transfer fee of £35, a valuation fee of £340 and a mortgage exit fee of £125.
The overall cost for comparison is 4.7% APRC representative
Self-Build Guide
To found out more about Self-build mortgages, read our guide HERE
Find out More or Apply
Call us on 01782 255000
Lines are open 9.00am to 1.00pm Monday to Friday
How Much Can I Borrow?
Monthly Payment Calculator
View our General Mortgage Criteria
|
| 2 Year Variable Discount (Arrears) |
MDS238 |
4.24% |
80% |
None |
£948 |
4.8% APRC |
Yes |
|
Things you need to know
Repayment Basis
Capital & Interest
Interest Only (For a maximum of 2 years)
Fees
Non-refundable Application Fee: £250
Arrangement Fee: £649 (Deducted from the loan on completion)
Minimum Interest Rate
The interest rate on this product will not drop below 2.00%
Incentives
None
Loan Size
Minimum Loan £30,000
Maximum Loan £1,000,000 (loans over £500,000 will be considered on an individual basis)
Maximum Loan to Value (LTV)
House Purchase 80% (Land / Construction or Renovation End Valuation)
Remortgage 80% (Land / Construction or Renovation End Valuation)
Overpayments
Overpayments of up to 10% of the mortgage balance are permitted each Society year during the first 2 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.
Availability
This product is available for new mortgage customers only.
Early Repayment Charges
If this mortgage is repaid in full 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 £4,000 based on £200,000.
Representative Example
A mortgage of £200,000 payable over 25 years initially on a discounted variable rate of 4.24% for 2 years and then on our Standard Variable Rate 4.79% (variable) for the remaining 23 years would require 24 monthly payments of £1,082.36 and 276 monthly payments of £1,140.75. The total amount payable would be £342,242.02 made up of the loan amount plus interest (£140,824.02), an non-refundable application fee of £299, an arrangement fee of £649, a funds transfer fee of £35, a valuation fee of £310 and a mortgage exit fee of £125.
The overall cost for comparison is 4.8% APRC representative
Self-Build Guide
To found out more about Self-build mortgages, read our guide HERE
Find out More or Apply
Call us on 01782 255000 selecting option 1 Hanley Intermediaries, option 1 New business enquiries
Lines are open 9.00am to 5.00pm Monday to Friday
How Much Can I Borrow?
Monthly Payment Calculator
View our General Mortgage Criteria
|
Near Prime Mortgage Deals
| Mortgage Product |
Product Code |
Initial Pay Rate |
Loan to Value |
Incentives |
Fees |
Overall Cost For Comparison |
Early Repayment Charges |
More Info |
