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Hanley BS rolls out 95% deal via six distributors

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  • 03/10/2011
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Hanley Economic Building Society has made its 95% LTV mortgage available via six intermediary firms.

The three-year discount product has a rate of 4.75% and is available to new borrowers in England and Wales.

Hanley has also increased its maximum loan size from £150,000 to £250,000 and rolled out the product to six distributors, including London & Country, Legal & General mortgage club, Pink Home Loans, AToM, Personal Touch Financial Services and Sesame.

A spokesman from Hanley, said: “We’ve had 95% LTV products available in the direct market for six months or so, whilst we’ve been working with Genworth Financial to have a Mortgage Indemnity Guarantee in place with all our high LTV deals.

“We’ve been doing a soft launch in the direct market, where it’s easy to control the volume of the MIG policy and requirements, but we’ve decided to make the 95% deal available to intermediaries from today.”

All of Hanley’s deals above 80% LTV come with a MIG policy.

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