Hanley Economic BS broadens discounted audience - Mortgages - News - Moneyfacts

News

Hanley Economic BS broadens discounted audience

Hanley Economic BS broadens discounted audience

Category: Mortgages

Updated: 26/09/2012
First Published: 25/09/2012

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Hanley Economic Building Society has opened up its discounted variable mortgage at 4.19% to purchase customers as well as those wishing to remortgage.

The basics…

Offering a competitive rate of 4.19% (1.00% discount and collared at 2.00%) for three years, this deal is available to first and second time buyers and remortgage customers with deposits of 10% or more.

The finer details….

Customers can borrow between £30,000 and £250,000. A fee of £550 is payable. Incentives of a free valuation for purchase borrowers and free legal fees for those remortgaging are also offered.

Why we like it…

This mortgage deal has widened its appeal to purchase and remortgage borrowers within a somewhat limited market. Four out of five Moneyfacts stars have been awarded.

What Next?

Find the best mortgage for you - Compare variable rate mortgages

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Goodbye to the Help to Buy Guarantee

On 31 December, phase two of the Help to Buy initiative will be withdrawn from the market. It’s certainly done wonders for the high loan-to-value sector, so we thought we’d take a closer look at the significance of the scheme and the effect it’s had.

Remortgaging bounces back

Remortgaging has been enjoying a welcome boost in recent months, despite September’s slight dip, with many homeowners capitalising on record low mortgage rates to boost their finances.

Bank of Mum and Dad holds the (house) key

The Bank of Mum and Dad is an important source of finance for many young adults, and it seems that they still hold the key – in more ways than one.
 
Close