Hanley Intermediaries has announced a major update to its Rent to Own mortgage, with the removal of postcode limits. The change means the product is now available on properties across England, Wales and Scotland.
Hanley’s Rent to Own mortgage was launched in May 2025 and was initially limited to properties within local ST postcodes. Following strong interest, the removal of geographical limits means more people can now access the product, regardless of location.
Rent to Own is designed to provide aspiring homeowners with a pathway to homeownership without the need for an initial deposit, offering crucial support to first-time buyers seeking an accessible and affordable route onto the property ladder.
The Rent to Own mortgage offers a five-year fixed rate of 5.79%, and is available up to 100% LTV for eligible applicants meeting the Society’s Rent to Own criteria. Applicants must have a minimum household income of £25,000 per year and loans can be offered up to 133% of current rental payments, with evidence of full rental payments required over the previous 12 months.
There are no application or arrangement fees, ensuring reduced upfront costs, though a valuation fee is applicable, subject to the property’s value. It also comes with a maximum loan size of £350,000.
Each case will be assessed on an individual basis by the in-house underwriting team, meaning no credit scoring.
Vanessa Hunt, head of sales at Hanley Intermediaries, commented: "We’re proud to announce the nationwide expansion of our Rent to Own mortgage product. This exciting development reflects our ongoing commitment to supporting our intermediary partners and their clients with practical, innovative solutions that make homeownership more achievable. Alongside recent enhancements to our lending policy, now is the perfect time to connect with us and explore how we can help deliver more opportunities to meet a range of borrowing needs."
