Hanley Economic Building Society has announced the launch of three new fixed rate mortgage products.
The first is a 2-year fee-free fixed rate mortgage, available for both purchase and remortgage purposes with a headline rate of 5.60% and up to 95% loan-to-value (LT)V. This product includes a free valuation and has no application or arrangement fees.
The second product is a 2-year fixed rate mortgage, available for purchase or remortgage purposes with a headline rate of 4.85% and up to 75% LTV.
It comes with a free valuation, a £250 contribution to remortgage legals, a £1,000 arrangement fee and has a minimum loan amount of £30,000 and a maximum loan amount of £500,000.
The third product is a 4-year fixed rate mortgage with a headline rate of 4.59%, up to 60% LTV. It also comes with a free valuation, a £250 contribution to remortgage legals, a £1,000 arrangement fee and is available for purchase or remortgage purposes.
All three products are applicable for properties throughout England, Wales, and Scotland (Scottish Islands by referral), and are available through Hanley Economic Building Society branch network and selected intermediary channels. Each application will be assessed on an individual basis by the in-house underwriting team, without credit scoring.
David Lownds, head of marketing & business development at Hanley Economic Building Society, said, “The first two months of the new year have seen us demonstrate our lending appetite and intentions through a host of product launches, and there is more to come as we aim to provide our intermediary partners with viable and attractive options to service a variety of client requirements moving forward.”
These new products come as competition in the lending arena is heating up, and Hanley Economic Building Society is aiming to provide intermediary partners with more options to meet the needs of their clients.
