Buildstore Self-Build Mortgage Scheme Extension to complete the build (Existing self build customers only)

Maximum Loan to Value (LTV)
  • For loans up to £600,000, during construction 85% of land cost or build cost subject to a maximum final LTV of 80% of the completed property value.
  • For loans over £600,000, during construction 75% of land cost or build cost subject to a maximum final LTV of 70% of the completed property value.
Initial Interest Rate 3.95% (1.29% discount from our Standard Variable Rate for 1 year. The discount is subject to a minimum interest rate “floor” of 2.00%).
Followed by our Standard Variable Rate thereafter, currently 5.24% (The Society’s Standard Variable Rate is set by its Board of Directors).
The Overall Cost for Comparison  5.3% APRC
Interest Calculated Daily

Minimum – 21

Minimum – 1 Year
Maximum – 40 Years

Minimum Loan £100,000

Maximum Loan £1,000,000 (Maximum Loan amounts vary by LTV, please refer to our current criteria for details)

Available for existing Chorley Building Society mortgage customers with a self build mortgage secured against their property, who require a product scheme extension to complete their build. This type of product may be suitable if you do not mind your payments varying as interest rates change.

Interest only payments are permitted during the build phase. On the final release of funds or after 3 years, whichever is soonest, the mortgage will revert to a capital and interest repayment basis. If an interest only repayment type is required for the remainder of the mortgage term, this is permitted subject to meeting our interest only criteria.

Scheme Transfer Fee £50.00 (can be added to the loan, subject to LTV, or paid on completion. Fees added to the loan will accrue interest. Further details are available on request).
Mortgage Exit Administration Fee  £75.00 (paid on redemption).


Early Repayment Charge No early repayment charge on this product
Overpayments There are no restrictions on overpayments
Portability You can keep this mortgage should you move to a new property. This mortgage is portable subject to your status meeting our criteria.
Representative Example The following is a representative example based on an interest only mortgage of £201,384.00 over 25 years initially on a discount rate of 3.95% for one year followed by our standard variable rate of 5.24% and would require an initial payment of £1,187.90 then 11  monthly payments of £1,057.50 and 288 payments of £1,201.00.

The total amount payable would be £358,833.40 made up of the loan amount, plus interest of £157,324.40 and the following costs, Scheme Transfer Fee (£50.00) and a Mortgage Exit Administration fee (£75.00).

The overall cost for comparison is 5.3% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.

This is a limited issue and the Society reserves the right to withdraw this scheme without notice at any time.

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.

What you can expect from us:

  • Individual advice from friendly, qualified mortgage advisers.
  • A personal service – one point of contact.
  • A flexible approach to your lending needs.
  • A choice of interest-only or capital repayment methods, or a combination of both.
  • Legal & valuation incentives (subject to product terms and conditions).
  • We will guide you every step of the way.

Step 1

Book an appointment

Meet one of our mortgage advisers who will explain all your options, services and procedures clearly. No jargon. No pressure. Just honest, trusted professional advice with your interests at heart.

    Step 2

    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


    Documentation Required View
    Budget planner View
    Identification criteria View
    Gifted Deposit declaration form View

    Mortgage Payment

    Amortization Calculator


    Monthly Payment


    Total Interest Payable


    Total of Payments
    (Principal + Interest)


    This information is for illustrative purposes only and does not contain all the details you need to choose a mortgage. All the information required will be provided during an interview with one of our mortgage advisers in a European Standardised Information Sheet.

    We accept business from Appointed Representatives (ARs) and Directly Authorised (DA) intermediaries. However you must be registered via a Network or a Mortgage Club to submit a Decision in Principal or Application to us.

    All cases are underwritten individually by our qualified underwriters. Call the mortgage team on 01257 235001.


    Buy to Let Calculator

    Please note that any fees you wish to add, should be added to the BTL loan amount




    Monthly Mortgage Payment (2.99%) Interest Only


    Monthly Mortgage Payment (Stress Tested 5.50%)


    Rent minus 10 day annual void


    MIN BTL Rental Figure Required 125% (Basic Rate)


    MIN BTL Rental Figure Required 148% (Higher Rate)


    This information is for illustrative purposes only and does not contain all the details you need to choose a mortgage.

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