Retirement Interest Only 5.72% Fixed Rate Mortgage until 30 September 2028

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.

Retirement Interest Only 5.72% Fixed Rate Mortgage until 30 September 2028

Initial Pay Rate

5.72%

Loan to Value

70%

APRC

7.6%

Fees

£1298

Information

Early Repayment Charge: Yes

Incentives: No

Product Code

MFD689

Information

Early Repayment Charge: Yes

Incentives: No

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Things you need to know

Availability

This product is available for new mortgage customers only.

Repayment Basis

Interest Only (RIO)

Fees

Application Fee paid to The Hanley Economic Building Society on application and is non-refundable £299.00.
Arrangement Fee paid to The Hanley Economic Building Society. The fee can be paid on application or deducted from the loan on completion and interest will be charged on the fee. This fee is non-refundable, except in cases where the application does not proceed to completion £999.00.
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 £10,000 Maximum £1,000,000.
Please refer to the following page for more information which details limits by lending type and basis https://www.thehanley.co.uk/maximum-ltv-and-loan-amounts

Maximum Loan to Value

Purchase 70%
Remortgage 70%

Early Repayment Charges

If this mortgage is repaid in full, or in part, before until 30 September 2028 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

Overpayments of up to 10% of the mortgage balance are permitted each anniversary year until 30 September 2028 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.

Representative Example

A mortgage of £100,000.00 payable over 39 years initially on a Fixed Rate of 5.72% until 30 September 2028 and then on our Standard Variable Rate (SVR) of 7.74% (variable) for the remaining 37 years would require 24 monthly payments of £476.67 and 444 monthly payments of £645.00. The total amount payable would be £399,693.00 made up of the loan amount plus interest (£297,820.00), an application fee of £299.00, an arrangement fee of £999.00, a valuation fee of £415.00, a CHAPS fee of £35.00, a mortgage exit fee of £125.00. The overall cost for comparison is 7.6% APRC representative^.

Find out More or Apply

Call us on 01782 255000.

Lines are Open 9.00am to 5.00pm Monday to Friday.

Mortgage Enquiry

Call us on 01782 255000 or complete the form below and a member of our team will be in touch

Retirement Interest Only 5.72% Fixed Rate Mortgage until 30 September 2028

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Property Value

Loan Amount

Term (1–40 years)