Hanley Economic Building Society has reduced the rate on its 95% loan-to-value (LTV) 2-year fixed rate mortgage by 0.31%, now offering a headline rate of 5.44%.
The mortgage includes a free valuation, no application or arrangement fees, and £250 cashback on completion.
It has a minimum loan size of £30,000 and a maximum of £500,000 for both purchase and remortgage purposes.
Additionally, Hanley has introduced a fee-free 5-year fixed rate retirement interest-only (RIO) mortgage with a headline rate of 5.55% for borrowers aged 55 or over.
This product is available up to 65% LTV, with a minimum loan size of £30,000 and a maximum of £2,000,000 at 50% LTV or £1,500,000 at 65% LTV.
It comes with no early repayment charges (ERCs) or overpayment restrictions.
This mortgage also offers a free valuation, no application or arrangement fees, and £250 cashback on completion.
David Lownds, head of products and marketing at Hanley Economic Building Society, said: “We’re excited to support a range of borrowers and our intermediary partners with these new offerings.
“By reducing rates and eliminating fees, we’re making our products more accessible and affordable throughout the entire borrowing lifecycle, reflecting our commitment to providing options at every stage of the mortgage journey.”
