Chorley Building Society has improved their 95% LTV product by reducing the term from 3 years to 2 years, increasing the discount to 2.5% and replacing the 0.75% scheme fee with a fixed fee of £499.
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. The mortgage property must be located within the boundary of the North West Region (Lancashire, Merseyside, Manchester, Cumbria & Cheshire). North East Region (Northumberland, Tyne & Wear, County Durham & Tees Valley) & Yorkshire Region (South Yorkshire, West Yorkshire, the East Riding of Yorkshire including Hull, the shire county of North Yorkshire and the City of York), North Lincolnshire and North East Lincolnshire.
Please see scheme sheet for full details: http://www.chorleybs.co.uk/intermediary.html
The Chorley approach to mortgages:
- Individual and flexible approach applied to all cases
- 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
- Flexible approach to contract workers and self employed
