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Cashback
£500 cashback payable on completion
Buy to Let - 5 Year Fixed Rate 60% LTV Remortgage (fixed until 30.09.2030)
Maximum Loan To Value (LTV)
60%
Initial Interest Rate
4.49%
Standard Variable Rate thereafter
8.29%
Overall Cost for Comparison (APRC)
6.80%
Interest Calculated
Daily
Initial Interest Rate: 4.49% (fixed until 30th September 2030)
This is a limited issue and the Society reserves the right to withdraw this scheme without notice at any time.
Mortgage Summary
Please note this representative example takes into account the reduction in interest rates due to take effect on 24th October 2025.
Standard Variable Rate (8.29% reducing to 8.14%). The Representative Example uses the lower Standard Variable Rate of 8.14%.
The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a fixed rate of 4.49% until 30th September 2030, followed by our Standard Variable Rate of 8.14%. In this example you would make 60 monthly payments of £999.48 and 240 monthly payments of £1,336.37.
The total amount payable would be £381,020.60 made up of the loan amount plus interest of £200,697.60 and the following costs, a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£248.00), and a Mortgage Exit Administration Fee (£50.00).
The overall cost for comparison is 6.8% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.
Early Repayment Charge
4.00% of the redemption balance until 30.09.2026
3.50% of the redemption balance until 30.09.2027
3.00% of the redemption balance until 30.09.2028
2.50% of the redemption balance until 30.09.2029
1.50% of the redemption balance until 30.09.2030
Application Fee
There is no Application Fee payable for this product.
Scheme Fee
There is no Scheme Fee payable for this product.
Mortgage Exit Administration Fee
£50.00 (paid on redemption).
Standard Valuation Fee
Paid directly to valuer by the applicant – see Valuation Fee Scale for details.
A standard mortgage valuation is required on all properties.
Age
Minimum - 21
Maximum - 85 (Interest Only and Part & Part Mortgages)
- 90 (Repayment Mortgages)
Term
Minimum – 5 years
Maximum – 40 years
Loan Size
Minimum - £50,000
Maximum - £400,000 (Subject to LTV, please refer to our current criteria for details)
Availability
Available to customers who intend to use the property for investment purposes or for customers looking for a Consumer Buy to Let mortgage.
Must meet Standard Lending Criteria.
Not available for properties in Scotland.
To note, investment BTL mortgages are not regulated by the FCA or PRA.
Further Buy-to-Let lending criteria applies. For full details please contact our experienced mortgage advisors on 01257 235 001 – Option 1 or at
mortgages@chorleybs.co.uk
Overpayments
The Society will allow overpayments of up to 10% of the capital balance per annum without invoking an early repayment charge.
Portability
You can keep this mortgage should you move to a new property. This mortgage is portable subject to your status meeting our criteria.
Insurance
Landlords insurance on the property to be mortgaged is compulsory.
What you can expect from us:
- Individual advice from friendly, qualified mortgage advisers.
- Legal & valuation incentives (subject to product terms and conditions).
- A flexible approach to your lending needs.
- A personal service – one point of contact.
- A choice of interest-only or capital repayment methods, or a combination of both.
- We will guide you every step of the way.
At Chorley Building Society, we aim to help you find the mortgage that’s right for you and provide you with the best possible service. Whether looking to purchase a home or remortgage, we are here to help.