New five-year mortgage from Hanley | Product News - Moneyfacts

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New five-year mortgage from Hanley

New five-year mortgage from Hanley

Category: Mortgages
Date: 19/08/2016

Hanley Economic BS has introduced a new five-year fixed rate mortgage at 80% loan-to-value (LTV), a fee-free deal which offers the lowest rate in its sector, thereby comfortably earning it an outstanding rating.

The basics…

This mortgage boasts a rate of 2.35%, fixed to 30.11.2021, making it the market-leader for its terms. There are no fees payable.

The finer details…

The deal is offered to all borrowers with a 20% deposit. It comes with a generous incentives package including free valuation (max £260), with house purchase customers furthermore able to enjoy a £250 rebate and remortgage customers able to profit from free legal fees (max £250). It also comes with the option to make overpayments by lump sum or regular methods, up to 10% of the outstanding balance per year.

Why we like it…

This mortgage has a lot of attractive features to recommend itself, including the lowest rate for its terms and the complete absence of fees. Together with the added incentives, it fully deserves the highest Moneyfacts rating.


Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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