Hanley Economic Building Society has extended its residential mortgage offering for existing homeowners through the introduction of a fee-free two-year fixed rate homemover/remortgage special.
This product comes with a headline rate of 4.99% and is available up to 80% LTV. In a bid to reduce upfront fees, this includes a free valuation alongside no application or arrangement fees and £250 cashback will be paid on completion of the mortgage. It is available for properties throughout England, Wales and Scotland (Scottish Islands by referral) for purchase or remortgage purposes.
There is a minimum loan size of £30,000 and a maximum loan size of £1,250,000 at 50% LTV, £1,000,000 at 60% LTV and £500,000 at 80% LTV.
Each case will be assessed on an individual basis by the in-house underwriting team, meaning no credit scoring, and these products are available through the Hanley Economic Building Society branch network and selected intermediary channels.
David Lownds, Head of Products and Marketing at Hanley Economic Building Society, commented:
"This product offers a highly competitive option for homeowners at a time when we are experiencing increasing activity levels, with the potential for even more positive movement across the wider housing market as we enter Q4.”
“By reducing upfront costs, we’re making it easier for people to take advantage of the opportunities emerging in the market, whether they’re moving or remortgaging. And our personalised approach ensures that borrowers and our intermediary partners receive the tailored support they need to confidently navigate the homeownership journey.”
