Hanley Building Society Remortgage

Hanley Economic Building Society has a long history of providing mortgages, so if you are looking to remortgage for a specific reason, then the range of Hanley Building Society remortgages could help you. Hanley offers specialist green, self build and home improvement remortgages, so whatever your reason for remortgaging, you should be able to find a deal to suit you.

Hanley Building Society Review

The Hanley Building Society was founded in 1854 under the name of the Staffordshire Potteries Economic Permanent Benefit Society. It was shirted to its current name in 1930. The Hanley is still located where it was founded, in Hanley, Stoke on Trent, and is a mutual society, so works for the benefit of its members.

The Hanley prides itself on providing a tailored service to its customers, and offering a wide choice of mortgage options.

A Hanley Building Society remortgage could help you to:

• Release equity in your home in order to make home improvements
• Consolidate your debts
• Get the capital to build your own home

What is a remortgage?

A remortgage is when you replace your existing mortgage with a new one. There are many reasons for remortgaging, but the majority fall into one of the two following categories:

• Remortgaging to save money – If you have a fixed rate mortgage deal, your interest rate will usually switch to the lender’s Standard variable Rate (SVR) which is likely to be higher and will probably mean that you have to pay more each month. By switching to a better deal with a different mortgage provider, remortgaging could potentially allow you to benefit from lower interest rates and lower monthly mortgage repayments.
• Remortgaging to raise money – Remortgaging can allow you to release some of the equity in your home. This could be useful if you wanted to carry out repairs to the property, add an extension, help your child with their own mortgage deposit, or consolidate other existing debts.