Hanley Economic launches residential and buy-to-let remortgage specials

Buy-to-let products are available from 3.03% up to 80% LTV with a £750 product fee and a valuation fee which is subject to property value.

The residential product is a fee-free five-year fixed rate at 2.05%, available up to 2.05% with a free standard valuation and free legals.

Both products are applicable for properties throughout England and Wales whilst the residential remortgage special is also available for properties in Scotland. They have a minimum loan amount of £30,000 and a maximum loan amount of £500,000.

David Lownds, head of marketing and business development at Hanley Economic, commented: “It’s clear that the remortgage market has started 2022 with a bang. And, with the Bank of England raising interest rates for the second time in three months to 0.50%, demand amongst homeowners and landlords who are in a position to take advantage of some highly competitive rates is set to intensify.

“In order to satisfy these demands, choice is vital for such borrowers when it comes to the length of product terms, access to higher LTV lending and in lowering upfront costs. We believe this product pairing will prove attractive to our intermediary partners and help provide a competitive new option within the remortgage market.”