Hanley Economic Building Society has launched three fixed-rate products at up to 95% loan to value. 

The mutual’s first product is a two-year fee-free fixed-rate mortgage available up to 95% LTV with a headline rate of 5.60%. This product, for purchase and remortgage, includes a free valuation alongside no application or arrangement fees. 

It also launches a two-year fixed-rate loan with a headline rate of 4.85%, at up to 75% LTV. The deal comes with a free valuation, a £250 contribution to remortgage legals, a £1,000 arrangement fee, and is available for purchase or remortgage. 

The final offer is a four-year fixed-rate mortgage with a headline rate of 4.59%, at up to 60% LTV. It also comes with a free valuation, a £250 contribution to remortgage legals, a £1,000 arrangement fee, and is available for purchase or remortgage purposes. 

All of these products cover properties throughout England, Wales and Scotland — Scottish Islands by referral — and come with a minimum loan amount of £30,000 and a maximum loan size of £500,000. 

The lender adds that each case will be assessed on an individual basis by the in-house underwriting team, which it says, means no credit scoring. 

Its loans are available through the Hanley Economic Building Society branch network and selected intermediary channels, such as Paradigm Mortgage Services, the Legal & General Mortgage Club and Sesame. 

Hanley Economic Building Society head of marketing & business development David Lownds says: “There has been a keen sense of anticipation among borrowers and the intermediary community around how lenders will approach the early part of 2023 due to many potential buyers and homeowners adopting a wait and see attitude over the later part of 2022.  

“This was inevitable during some uncertain economic times but, it’s fair to say, that we are now operating on some firmer footings from an economic perspective and competition in the lending arena is really starting to heat up.”