Chorley Building Society has improved their Help to Buy mortgage product, including reducing the scheme fee and increasing the discount reduction.
The 0.75% scheme fee has also been replaced with a fixed fee of £499.
The Product term has reduced from 3 years to 2 years and the current discount has increased from 3.00% to 3.20% giving a current interest rate of 2.29%.
Available to new, first time buyers and home movers, for mortgages secured against their main residential property. This product is available for residential houses only including new build (Not flats). Not available to customers who meet the Credit Renew criteria.
Please see scheme sheet for full details: (insert hyperlink to scheme sheet)
The Chorley approach to mortgages:
- All cases individually underwritten
- Common Sense Approach – experienced underwriter
- No credit score – Credit Search
- No maximum age
- Realistic approach to Lending into/whilst retired
- Up to 4 applicants allowed & up to 4 incomes counted
- Guarantors welcome
- Concessional purchase and gifted deposits
- Interest only option
- Buy to let loans available
- Flexible approach to contract workers and self employed
- Will consider IVA/Bankruptcy discharged over 3 years
- CCJ’s or defaults settled over 3 years ago considered
- One CCJ or default issued within last 3 years less than £500 acceptable
- RTB and HTB
