2.60% Variable Discount for Term - Ex-Pat BTL (Non-Regulated & Consumer)

Interest Only

£299 Non-Refundable Application Fee.
£700 Arrangement fee (Deducted from loan amount on completion).

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

Free Valuation.

Minimum Loan: £30,000

Maximum Loan: £750,000 at 80% LTV, £1,000,000 at 70% LTV, £1,500,000 at 65% LTV, £2,000,000 at 50% LTV (Loans over £500,000 will be considered on an individual basis)

Purchase 80%
Remortgage 80%

Overpayments of up to 10% of the mortgage balance are permitted each anniversary year for the first 2 years and may be made by monthly standing order. Any additional overpayments above 10% during this period will attract a penalty calculated on the amount of the additional payments.

Available for properties located in England & Wales

The Society will pay a proc fee of 0.40% on completion to the intermediary.

This product is available for new mortgage customers only.

If this mortgage is repaid in full or in part before during the first 2 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 £2,486.68 based on £124,334.00.

A mortgage of £124,334.00 payable over 25 years on a discounted rate of 5.89% would require 300 interest only monthly payments of £610.27. The total amount payable would be £308,574.82 made up of the loan amount plus interest (£183,081.82), a funds transfer fee of £35.00, a £299 non-refundable application fee, an arrangement fee of £700.00 and a mortgage exit fee of £125.00.

The overall cost for comparison is 5.9% APRC representative.

Call us on 01782 255000 (selecting option 1 – Hanley Intermediaries then option 1 – New business enquiries).

Lines are Open 9.00am to 5.00pm Monday to Friday (Wednesday 9.30am to 5.00pm).