Hanley BS offers 95% LTV mortgages

by Aaron Strutt

Oct 07 2011

Trinity Financial has secured access to the Hanley Economic Building Society's 95% loan to value rate.

Very few lenders offer mortgages for borrowers with a 5% deposit and the Hanley's mortgage is a three-year discounted rate at 4.75% and there is a £499 arrangement fee. For direct customers the mortgage is available in the Staffordshire area but through Trinity Financial the mortgage is available nationwide. The maximum mortgage is £250,000.

Aaron Strutt, a broker at Trinity Financial, says: “We also have access to the Skipton Building Society's two-year fix at 5.99%. Borrowers will need a 5% deposit and the maximum loan is £300,000 - the arrangement fee is low at £195.

“Hanley have just started their financial year and is looking to do the majority of its lending in the first six month period.”

7 October 2011