Hanley Intermediaries has removed postcode restrictions on its Rent to Own mortgage, making the product available across England, Wales and Scotland.
The lender initially limited the product to local ST postcodes when it launched in May 2025. Strong demand prompted the geographical expansion, allowing aspiring homeowners in any eligible location to access the scheme.
Rent to Own targets first-time buyers who lack deposit savings by providing a route to homeownership without upfront capital. The product offers a five-year fixed rate of 5.79% at up to 100% loan-to-value for applicants meeting the society's criteria.
Applicants need a minimum household income of £25,000 annually. Loans can reach 133% of current rental payments, though borrowers must prove they paid rent in full over the previous 12 months. The maximum loan size stands at £350,000.
The product carries no application or arrangement fees, reducing initial costs, though a valuation fee applies based on property value. Hanley's in-house underwriting team assesses each case individually without credit scoring.
"We're proud to announce the nationwide expansion of our Rent to Own mortgage product," said Vanessa Hunt, head of sales at Hanley Intermediaries. "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."
