New Mortgage Guides
Other Mortgage Guides
Mortgage Types
Mortgage Tools
The Hanley Economic Building Society

The Hanley Building Society
The Hanley Building Society wants to combine the traditions and roots of a mature organisation with the verve and efficiency of a modern business. It celebrated its 150th birthday last year and it is keen to build on its past achievements.
Its network of branches and agencies are located throughout North Staffordshire and South Cheshire providing a friendly, convenient service to customers.
The Hanley Building Society aims to tailor its services to individual customer needs and has a wide range of mortgage products on offer.
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
| The Hanley Building Society Mortgage Products |
| |
|
|
Buy to Let: the interest rate is initially fixed for an agreed period. After this time the rest of the mortgage term is charged at the Bank of England base rate. The Hanley BS also charges 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 but only up to 10% of the value of the loan per year during the fixed period.
The product is only available in England and Wales.
The rate will change on the first working day of the month following a change in the Bank of England base rate.
|
|
Discount Tracker: this tracks the Bank of England base rate and charges the same rate of interest as it for the first 2 yrs of the mortgage. The Hanley will then charge the Bank of England base rate plus an agreed amount for the remainder of the mortgage.
This product includes a contribution towards legal fees and valuation fees.
Early repayments are allowed but only up to 10% of the value of the loan per year during the fixed period
The rate will change on the first working day of the month following a change in Bank of England Base Rate.
|
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 home improvement loans for existing borrowers. The rate of interest is a discount off the society’s standard variable rate for the first two years. It then reverts to the standard variable rate for the remainder 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.
Should you be interested in a mortgage quotation including those offered by the Hanley Building Society please complete our quick enquiry form. |
|
Right to Buy: receive a discount off the society’s standard variable rate for an agreed period and get cash back on you mortgage. Fees are applicable.
|
Green Mortgages from Hanley Economic
Hanley Economic also offer a green mortgage loan, touted as putting the ECO in Hanley Economic. This competitive product promises to donate £200 to ClimateCare upon completion of the mortgage. |
| Current The Hanley Building Society Mortgage Offers |
Currently no mortgage offers from The Hanley Building Society to display.
|
| The Hanley Building Society Mortgage News |
| |
Back to Mortgage Lenders |
There are no mortgage articles relating to The Hanley Building Society in the mortgage news archive. |
All copyright and trademarks are respected and the property of the company described herein. Mortgages.co.uk and Financial Services Net Ltd is not connected with, nor represents, the company described in this directory.