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Hanley Economic Building Society – 2 Year 2.89% Fixed Rate – Direct

Hanley Economic Building Society – 2 Year 2.89% Fixed Rate – Direct

Type: Fixed-rate mortgage

Fixed term: Until May 31, 2013

Fixed rate: 2.89%

Minimum loan: £30,000

Maximum loan: Up to 65% of valuation subject to a maximum of £500,000

Income multiples: Based on affordability

Conditions:  Capital repayments of up to 10 per cent a year allowed without penalty in the fixed rate period, free basic valuation on properties up to £250,000, free legal fees up to £250 for remortgages or £250 cashback for purchases, £25 admin fee if the Society’s buildings insurance is not taken, available only for properties in England and Wales

Arrangement fee: £1,899 plus £100 booking fee

Redemption fee: 2% of the amount repaid in the first two years

Introducer’s fee: None

Contact: www.thehanley.co.uk

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