Hanley Intermediaries has expanded its rent to own mortgage across England, Wales and Scotland after removing previous postcode restrictions.

The product, which launched in May 2025, was initially limited to properties within ST postcodes. Following what the mutual describes as strong intermediary interest and positive early outcomes, the lender has now lifted all geographical limits, allowing brokers to place cases anywhere in Great Britain.

The rent to own proposition is aimed at aspiring homeowners who are unable to raise a deposit, with the society positioning it as an alternative route onto the property ladder for first-time buyers.

The mortgage is offered at a five-year fixed rate of 5.79% and is available up to 100% loan-to-value for applicants who meet the society’s rent to own criteria. Borrowers must have a minimum household income of £25,000 and can borrow up to 133% of their current rental payments, subject to evidence that rent has been paid in full for the previous 12 months.

There are no application or arrangement fees, although a valuation fee applies depending on the property value. The maximum loan size is £350,000, with a minimum advance of £30,000.

All cases are underwritten individually by Hanley’s in-house team, with no credit scoring applied. The product is available via the society’s branch network and through selected intermediary channels.

Vanessa Hunt (pictured), head of sales at Hanley Intermediaries, said: “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.”