Hanley Economic BS Mortgages
Hanley Economic BS was founded in 1854 in Staffordshire providing savings and mortgage products.
Hanley Economic offer mortgages to customers and are regularly nominated for awards for our range of mortgage products. They have won “Moneyfacts Best First-Time Buyer Mortgage Provider” twice in recent times and have been highly commended as “Moneyfacts Best Regional Building Society”
Offering fixed rate mortgages, discount mortgages, remortgages, buy to let, self-build, near prime, retirement interest only and first time buyer mortgages to customers.
They can provide mortgages throughout England, Wales and Scotland (Scottish Islands by referral only). Please note all mortgage products are only available to UK residents, with the exception of Ex-Pat Buy-to-Let mortgages.
Their mortgages are individually underwritten by their experienced underwriting team and don’t use automated credit scoring because Hanley Economic believe their approach is more personal and allows them to get a better understanding of their customers requirements.
Loan to value ratio
How much you will be able to borrow as a mortgage is likely to be influenced by a number of factors, including how much you earn.
Another important consideration is your loan to value (LTV) ratio. This shows how the amount you want to borrow relates to the market value of your property.
So, if you want to borrow £50,000 as a mortgage on a £100,000 house, your LTV would be 50%.
If you then wanted to take out a second charge mortgage for a further £25,000, this would make your LTV 75%.
The higher your LTV, the higher interest rates most lenders will tend to offer.
Find the best deals on mortgage rates
The mortgages market is diverse, with many different providers and types of mortgages to choose from.
This can make it hard to know which offers the best value for you. Our mortgage calculator takes a lot of the hard work out of the equation for you.
All you have to do is head to the top of the page and plug in some basic details, including the amount you wish to borrow, how long you want to repay over and why you need the money.
The mortgage calculator will then match your enquiry with our pick of the top deals from across the industry, making it much quicker and simpler for you to make a comparison.
Independent Mortgage Advice
Remortgaging is particularly popular at the moment as interest rates are low.
Whether it will be a good idea for you to remortgage depends on a number of factors, including your goals and your personal circumstances.
However, in general, if interest rates are lower than you are currently paying on your mortgage, it may be a good time to remortgage.
If interest rate are higher than you are currently paying, it may be better to look at other options, such as a second mortgage or a personal loan (if you aim is to borrow more).
If you are not sure whether now is the right time to remortgage, it is a good idea to speak to an independent mortgage broker who will be able to offer impartial advice on Hanley Economic BS mortgages as well as other lenders.