5.09% Fixed Rate Mortgage for 2 Years - Consumer Buy to Let

Interest Only (Applicants must meet the Society's Interest Only Criteria)

No application or arrangement fee

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

Minimum Loan: £30,000
Maximum Loan: Up to £500,000
Please refer to the following page for more information https://www.thehanley.co.uk/maximum-ltv-and-loan-amounts

Remortgage 80%.

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. Any additional overpayments above 10% during this period will attract a penalty calculated on the amount of the additional payments.

Available for properties located in England and Wales.

This product is available for new mortgage customers only.

If this mortgage is repaid in full or in part 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 £1890.60 based on £94,530.00.

A mortgage of £94,530.00 payable over 29 years initially on a Fixed Rate of 5.09% for 2 years and then on our Standard Variable Rate (SVR) of 7.99% (variable) for the remaining 23 years would require 24 monthly payments of
£520.22 and 324 monthly payments of £689.73. The total amount payable would be £236,116.52 made up of the loan amount plus interest (£141,426.52), a funds transfer fee of £35.00 and a mortgage exit fee of £125.00. 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.