5.79% Fixed Rate Mortgage for 5 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 Loan: £10,000 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

If this mortgage is repaid in full, or in part, before during the first 5 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 5 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 5.79% for 5 Years and then on our Standard Variable Rate (SVR) of 7.84% (variable) for the remaining 34 years would require 60 monthly payments of £482.50 and 408 monthly payments of £653.33. The total amount payable would be £395,544.44 made up of the loan amount plus interest (£295,509.44), a CHAPS fee of £35.00. The overall cost for comparison is 7.6% APRC representative^.

Call us on 01782 255000.

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