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Self Build Mortgages
This type of mortgage is designed for existing Chorley Building Society Members with a self build mortgage secured against their property, who require a product scheme extension to complete their build.
Our mortgages
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Self-Build - 1 Year Extension 80% LTV
Initial Interest Rate
6.85%
Maximum Loan To Value (LTV)
80%
Overall Cost for Comparison
8.30%
Product Code
R266
The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 6.85% for 1 year followed by our Standard Variable Rate of 8.14%. In this example you would make 12 monthly payments of £1,255.03, followed by 288 monthly payments of £1,401.95.
The total amount payable would be £418,871.96 made up of the loan amount plus interest of £238,821.96, and a Mortgage Exit Administration Fee (£50.00).
The overall cost for comparison is 8.3% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.
Self-Build Wind and Watertight Retention (£120,000 - £1,000,000) 80% LTV
Initial Interest Rate
4.99%
Maximum Loan To Value (LTV)
80%
Overall Cost for Comparison
7.30%
Product Code
R288
The following is a representative example based on a mortgage of £200,000 payable over 25 years initially on a discounted variable rate of 4.99% for 2 years, a further discounted rate of 6.89% for 4 years, followed by our Standard Variable Rate of 8.14%. In this example you would make 24 monthly payments of £1,051.21, followed by 48 monthly payments of £1,246.42, followed by 228 monthly payments of £1,365.76
The total amount payable would be £396,500.48 made up of the loan amount plus interest of £216,450.48, and a Mortgage Exit Administration Fee (£50.00).
The overall cost for comparison is 7.3% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.