The new offerings include two later life and two BTL products
Chorley Building Society has expanded its range of fixed rate mortgage products following feedback from brokers and customers.
The new offerings include two later life products: a five-year fixed rate at 75% loan-to-value (LTV) and a five-year fixed rate remortgage, also at 75% LTV, both are fixed until June 30, 2029.
“We see more and more people that have a need to borrow later in life, and we want to make sure our mortgages support older borrowers who need to purchase or refinance,” said Liz Pearson (pictured), head of operations at Chorley Building Society.
“Feedback from our brokers said our later life borrowers were looking for more stability in their interest rates and payments, and so we’re responding to these needs by launching these new five-year fixed rate products.”
The later life products are available for applicants aged 75 and above at the time of application or at the end of the mortgage term.
In addition to these products, the mutual has introduced two new buy-to-let products: a buy-to-let two-year fixed rate at 70% LTV, and a limited company buy-to-let two-year fixed rate at 70% LTV, both are fixed until November 30, 2026.
“Our underwriting team have a great deal of experience in buy-to-let lending,” Pearson said. “Our personalised approach means they are very happy to support brokers with their complex and bespoke cases that fall into this type of specialist lending.”
Chorley Building Society offers a range of mortgages for all types of borrowers, whether a first-time buyer, home mover or buying to let, on a regional and national basis, including England, Scotland and Wales.
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