The Hanley Building Society

Its has a network of branches and agencies located throughout North Staffordshire and South Cheshire. They provide a friendly and convenient service to their customers.

The Hanley Building Society has a wide range of mortgage products on offer, aiming to tailor its services to individual customer needs. Hanley were recognized by What Mortgage magazine in the Lender of the Year awards 2004.

They have the following main mortgages:

• Buy to Let
• Discount Tracker
• Fixed Rate
• Right to Buy
• Standard Variable Rate

Buy to Let: the interest rate is at first fixed for an agreed period. After this the rate is charged at the Bank of England base rate for the rest of the mortgage term, plus an extra amount of interest on top of the base rate.

• The product is only available to those over the age of 25 years
• An administration fee is applicable
• Early repayments are allowed during the fixed period up to 10% of the value of the loan per year
• The product is only available in England and Wales
• The rate will change on the first working day of the month following any change in the Bank of England base rate.

Discount Tracker: this tracks the Bank of England base rate and you will be charged this same rate for the first 2 yrs of the mortgage. Then Hanley will charge the Bank of England base rate plus an agreed amount for the rest of the mortgage period.

• This product includes a contribution towards legal fees and valuation fees
• Early repayments are allowed during the fixed period up to 10% of the value of the loan per year
• The rate will change on the first working day of the month following any change in Bank of England Base Rate.

Right to Buy: you will receive a discount off the society's standard variable rate for an agreed period and get cash back on you mortgage.

• Fees are applicable

Standard Variable Rate: the rate of interest is calculated daily.

• There is no arrangement fee for this type of mortgage
• There is no early repayment charge

The Hanley also offers their existing borrowers loans for home improvement. The rate of interest is a discount off the society's standard variable rate for the first two years. It then goes back to the standard variable rate for the rest of the mortgage term. It is subject to the following conditions:

• All applications must be accompanied by estimates for the proposed home improvements.
• A re-valuation of your property may be necessary
• Legal fees may apply

If you are interested in a mortgage quotation including those offered by The Hanley Building Society please fill in our quick enquiry form.