hanley economic

Hanley Economic Building Society introduces new fee-free 2-year fixed mortgage

Hanley Economic Building Society has launched a new 2-year fixed rate mortgage product, offering a competitive rate of 5.55% without any fees.

Aimed at both purchase and remortgage customers, this product is available up to a 75% loan-to-value ratio and includes a free valuation. Additionally, it offers a £250 contribution towards legal fees for remortgaging.

The product is accessible for properties across England, Wales, and Scotland, including the Scottish Islands by referral, with a minimum loan amount set at £30,000 and a maximum of £500,000.

Hanley Economic Building Society emphasizes personalized service, with each application being individually assessed by their in-house underwriting team, avoiding credit scoring.

This mortgage product is available through Hanley Economic Building Society’s branch network and selected intermediary channels.

David Lownds, head of products and marketing at Hanley Economic Building Society, said: “As we move towards the end of what can easily be described as a somewhat challenging year for lenders, intermediaries and many borrowers, it’s good to see increased competition emerging across the product arena and rates slowly but steadily decreasing.

“Despite a largely expected transactional lull, it’s important to point out that mortgage business is still being written and it’s vital that we, as a lending community, continue to find ways to provide responsible and well-priced solutions which can meet a range of borrowing demands moving forward.”