Your Home May Be Repossessed If You Do Not Keep Up Repayments On Your Mortgage.
| Maximum Loan To Value (LTV) | 80% |
| Initial Interest Rate | 5.39% (Fixed until 30th April 2026) |
Follow On Variable Rate until 30.04.2030, currently: Followed by our Standard Variable Rate thereafter, currently: | 7.49% 8.74% |
| The Overall Cost for Comparison is | 7.90% APRC |
| Interest Calculated | Daily |
The following is a representative example based on a mortgage of £230,000 payable over 25 years initially on a fixed rate of 5.39% until 30th April 2026, a further discounted variable rate of 7.49% until 30th April 2030, followed by our Standard Variable Rate of 8.74%. In this example you would make 25 monthly payments of £1,397.33, followed by 48 monthly payments of £1,678.89 followed by 227 payments of £1,835.38. The total amount payable would be £532,226.23 made up of the loan amount plus interest of £302,151.23 and a Mortgage Exit Administration Fee (£75.00). The overall cost for comparison is 7.90% APRC representative. Note: What you will pay may vary from this and will depend on your personal circumstances. |
| Early Repayment Charge | 2.50% of the redemption balance until 30th April 2025 1.50% of the redemption balance from 30th April 2025 until 30th April 2026 |
| Mortgage Exit Administration Fee | £75.00 (paid on redemption) |
| Age | Minimum – 18 years Maximum – No maximum age |
| Term | Minimum - 2 years Maximum - 40 Years |
| Loan Size | Minimum - £5,000 Maximum - £1,200,000 |
| Availability and Suitability | Available for existing mortgage customers with a mortgage of up to 60% LTV, whose special mortgage rate period is coming to an end, or wish to switch to another product With a fixed rate product payments are fixed for the term of the product. Not available for Later Life or Help to Buy. |
| Overpayments | The Society will allow overpayments of up to 10% of the redemption 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 | Buildings insurance is compulsory in all instances. |
Prepare for your appointment
To ensure we provide you with the best possible service, please review the following and bring as much information as possible to your appointment.
For more information, please contact us on 01257 235001
The Society will collect your email address as an alternative means of communication if we cannot reach you via telephone. This data will not be used for any other purpose.
T
he Chorley and District Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered on the Financial Services Register under number 206023. Registered Office: Key House, Foxhole Road, Chorley, Lancashire PR7 1NZ.
Chorley and District Building Society is a member of the Building Societies Association and a participant of the Financial Ombudsman Service and Financial Services Compensation Scheme.
Your telephone conversations with the Society may be recorded. This is to help the Society to improve customer service and to offer additional security. Calls and electronic communications may also be monitored for staff training.