Buy to Let - Bank Base Rate Tracker + 1.30% for Term

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

No Application or Arrangement fees

Valuation Fee paid to The Hanley Economic Building Society on application and is non-refundable after valuation is carried out. The fee charged is dependent upon the price of the property. See fee scale for cost (Mortgage & Valuation Charges | The Hanley)

CHAPS fee is paid to The Hanley Economic Building Society. The fee can be paid on application or deducted on completion of the loan and interest will be charged on the fee. This non-refundable fee covers the electronic transfer of mortgage funds to you or your solicitor, unless the application does not proceed to completion £35

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

None

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

Purchase 75%

Remortgage 75%

There are no restrictions in overpayments which can be made by monthly standing order.

Available for properties located in England and Wales.

This product is available for new mortgage customers only.

No Early Repayment Charges apply.

A mortgage of £124,217.00 payable over 25 years on a Bank of England Base Rate Tracker plus 1.30% would require 300 monthly payments of £748.04. The total amount payable would be £224,910.88 made up of the loan amount plus interest (£100,193.48), a valuation fee of £340.00, a funds transfer fee of £35.00 and a mortgage exit fee of £125.00. The overall cost for comparison is 5.3% APRC representative^

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