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

Capital & Interest

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%.

None

Minimum Loan: £30,000

Maximum Loan: £350,000

Purchase 100%

Available for properties with an ST, WS, DE, SK, CW, WV, TF, SY & CH Postcodes only.

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 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 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 is applicable and paid for by the Society.

A mortgage of £184,303.00 payable over 31 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 26 years would require 60 monthly payments of £1,067.37 and 312 monthly payments of £1,292.86. The total amount payable would be £467,929.98 made up of the loan amount plus interest (£283,112.24), 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 7.3% APRC representative^.

Call us on 01782 255000.

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

Available for properties with an ST, WS, DE, SK, CW, WV, TF, SY & CH postcode only. The Society reserves the right to withdraw this product at any time.