Hanley Economic is a regional building society based in Stoke on Trent with 7 of our own branches located throughout North Staffordshire. We are not postcode restricted and lend throughout England and Wales.

We have been active in the intermediary market for the past 9 years and now work alongside 10 Mortgage Clubs which includes Legal and General.  We pride ourselves on the service we offer to our mortgage brokers through our

  • Website information
  • Online chat facility
  • Broker helpline: 01782 255159
  • Email: partnerships@thehanley.co.uk
  • Online application system with document upload to same both time and money with the application process.

Your BDM is Sue Pedley, email: spedley@thehanley.co.uk or call on 07983 221869. Registration is quick and easy, it will take approximately 5 minutes to complete, we will send  two emails within in one working day, upon receipt you will need to set your password and memorable information and then you will be ready to process KFI’s to obtain DIPS.

Benefits

  • Award Winning Mortgages – we are often in the best buy tables
  • We approve 9 out of 10 First Time Buyer Applications
  • No Credit Scoring – just common sense underwriting
  • Not postcode restricted
  • Flexible Criteria – if an application falls outside of our criteria, we will look at on its own merit, please call
  • Timely decision making
  • Online Broker Application System – No more paper!
  • We listen – we do listen to feedback from our brokers and where necessary and if possible we make the changes

Criteria Highlights

  • Shared Ownership – up to 95% LTV on your clients share
  • New Build Houses and Flats – Up to 95% LTV
  • Flats above commercial premises – considered above A1 and A2 classification
  • Flats above 5 Storeys – we will consider, please refer to us
  • Interest Only Mortgages – up to 75% LTV (current product offers up to 50% LTV)
  • Residential Mortgages – up to 95% LTV
  • Satisfied CCJ’s and Defaults up to £500 and not occurred in the last 12 months are allowed for our standard criteria
  • Near Prime mortgages offer assistance with adverse clients
  • Right to buy mortgages can be offered on our residential and near prime criteria
  • Self-Build Mortgages direct to intermediaries – up to 80% LTV
  • Self Employed – we take an average of the latest 2 years or we can accept the first years accounts and a projection on the 2nd year but must be 6 months into that second year
  • Capital Raising allowed on Residential up to 75% LTV with no restrictions apart from no business or illegal purposes, up to 85% LTV some restrictions and only up to £15k, up to 90% LTV for home improvements – please see our full criteria for details
  • Min Age is 18 for all mortgages
  • Max Age is 80 for all mortgages (please note that after age 70 we do need retirement income in place in form of private pension)

Product Highlight

  • Interest Only Residential Product – The property can be used as the repayment vehicle, subject that sufficient equity will be available post sale to meet the borrowers future housing expectation
  • Capital & repayment is available if required
  • 44% variable discount for 5 years
  • No fees
  • Free legals when re-mortgaging using the society’s solicitors (T&C’s apply)
  • One free standard valuation (T&C’s apply)
  • Maximum Loan £1.25M
  • No ERC
  • Overpayments allowed
Why choose Hanley?
Adverse Credit guide
Self build mortgages guide
New build mortgages guide