5.65% Fixed Rate Mortgage until 31 January 2027 - Interest Only

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

£1,000 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 until 31 January 2027 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 & mainland Scotland (Islands by referral).

The Society will pay a proc fee of 0.35% 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 31 January 2027 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 £4,111.78 based on £205,589.00.

A mortgage of £205,589.00 payable over 25 years initially on a Fixed Rate of 5.65% until 31 January 2027 and then on our Standard Variable Rate (SVR) of 8.49% (variable) for the remaining 266 months would require 34 monthly payments of £967.98 and 266 monthly payments of £1,454.54. The total amount payable would be £626,568.59 made up of the loan amount plus interest (£419,819.59), an arrangement fee of £1,000, a funds transfer fee of £35.00 and a mortgage exit fee of £125.00. The overall cost for comparison is 7.9% 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).