Rent to Own Mortgage - No Deposit Required - 5 Year Fixed

This shows what you'll pay each month during your initial deal period. It doesn't consider any charges or fees if you decide to make any changes to your mortgage. Please note this is only an estimate.

Rent to Own Mortgage - No Deposit Required - 5 Year Fixed

Initial Pay Rate

6.73%

Loan to Value

100%

APRC

7.5%

Fees

Information

Early Repayment Charge: Yes

Incentives: No

Product Code

MFD675

Information

Early Repayment Charge: Yes

Incentives: No

Affordability Calculator

Things you need to know

Repayment Basis

Capital & Interest

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 (https://www.thehanley.co.uk/intermediaries/mortgage-and-valuation-charges).

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 £35.00.

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: £350,000

Maximum Loan to Value

Purchase 100%

Property Location

Available nationwide.

Availability

This product is available for new mortgage customers only

Early Repayment Charges

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 3% of the balance repaid during this period. Example – The maximum early repayment charge you could pay is £5,529.09 based on an initial mortgage balance of £184,303.00.

Overpayments

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.

Higher Lending Charge

Higher Lending Charge is applicable and paid for by the Society.

Representative Example

A mortgage of £184,303.00 payable over 31 years initially on a Fixed Rate of 6.73% for 5 Years and then on our Standard Variable Rate (SVR) of 7.74% (variable) for the remaining 26 years would require 60 monthly payments of £1,181.12 and 312 monthly payments of £1,295.40. The total amount payable would be £475,546.05 made up of the loan amount plus interest (£290,728.05), a valuation fee of £355.00, a CHAPS fee of £35.00, a mortgage exit fee of £125.00. The overall cost for comparison is 7.5% APRC representative^.

Find out More or Apply

Call us on 01782 255000.

Lines are Open 9.00am to 5.00pm Monday to Friday, Saturdays 9am to 12.00pm.

Distribution

Now available nationally with no postcode restrictions! The Society reserves the right to withdraw this product at any time.

Important Notice

If your enquiry relates to our Rent to Own mortgage, it will currently be progressed via an independent, FCA authorised mortgage broker. All other mortgage enquiries will be handled directly by Hanley Economic Building Society. Please read the PWS Introducer Statement before proceeding.

PWS Introducer Statement

Download

Mortgage Enquiry

Call us on 01782 255000 or complete the form below and a member of our team or an approved third‑party provider will be in touch to book an appointment and ensure you are eligible.

Rent to Own Mortgage - No Deposit Required - 5 Year Fixed

Mortgage Calculator

Property Value

Loan Amount

Term (1–40 years)