Chorley Building Society launches a limited issue large loan mortgage product with no application or scheme fee

Chorley’s new large loan Mortgage is for borrowers who are looking to lend a minimum of £400,000 up to £1,000,000 and has no application or scheme fee.

With a maximum LTV of 70% the large loan mortgage product is supported by Chorley’s common sense approach to mortgage lending, basing decisions on individual circumstances and not a credit score.

Chorley Building Society  are committed to making life as simple as possible for mortgage intermediaries with direct access to underwriters who are always happy to discuss potential applications, criteria or anything else to support their Broker networks.

Chorley’s Head of Business Development Julie Goodwin says: “We’ve listened to the feedback from our Brokers with regards to the potential impact of scheme fees in particular on larger loans, and have launched this product to meet those needs whilst retaining our flexible approach to lending”.