Hanley Economic Building Society has launched three five-year fixed rate products up to 95% loan to value (LTV). 

The first five-year fixed rate product has a headline rate of 5.85%, up to 95% LTV. This is available for purchase or remortgage purposes and comes with a valuation incentive.  

The second is a five-year fixed rate product with a headline rate of 5.60%, up to 80% LTV. 

This comes with a valuation/remortgage legal incentive, an arrangement fee of £849 and is available for purchase or remortgage purposes.

The final product is a five-year fix with a headline rate of 5.50%, up to 75% LTV. This also comes with a valuation/remortgage legal incentive, an arrangement fee of £849 and is available for purchase or remortgage purposes.

These products are applicable for properties throughout England, Wales and Scotland and come with a minimum loan amount of £30,000 and a maximum loan amount of £500,000.

Hanley Economic Building Society head of marketing and business development David Lownds says: “As a mutual, it’s important to support a range of borrowing needs when and where we can, especially through the more turbulent times.”

“This is particularly apparent at the higher LTV bands where an increased number of options are needed after a sharp, but entirely understandable, contraction of the mortgage market.”