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Hanley Economic Building Society – 2 – Year Discount – Direct

Hanley Economic Building Society

Type: Discounted-term mortgages

Discounted term: Until May 31, 2013

Discount: 1.25%

Payable rate: 3.94%

Minimum loan: £30,000

Maximum loan: Up to 85% 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 discount period, free basic valuation for remortgages 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: £299 plus £100 booking fee

Redemption fee: 3% of the amount repaid in the first two years

Introducer’s fee: None

Contact: www.thehanley.co.uk

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