|Maximum Loan to Value (LTV)||90% LTV|
|Our Standard Variable Rate thereafter, currently||5.99%|
|The Overall Cost for Comparison||6.3% APRC|
The following is a representative example based on a mortgage of £157,152.00 payable over 25 years on our Standard Variable Rate of 5.99%. In this example you would make an initial payment of £1,372.66 followed by 299 monthly payments of £1,011.60
The total amount payable would be £304,615.06 made up of the loan amount plus interest of £146,689.06, a CHAPS/ Telegraphic Transfer Fee (£25.00), an Application Fee (£145.00), a Mortgage Exit Administration Fee (£75.00), a Standard Valuation Fee (£175.00), and a Separate Representation Fee (£354.00).
The overall cost for comparison is 6.3% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.
|Early Repayment Charge||There is no Early Repayment Charge.|
|Application Fee||£145 (paid on application, non-refundable).|
|Scheme Fee||Not applicable.|
|Mortgage Exit Administration Fee||£75.00 (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 – 18 Years
Maximum – No Age Limit
|Term||Minimum – 1 Years
Maximum – 40 Years
|Loan Size||Minimum – £50,000
Maximum – £1,000,000 (Subject to LTV)
|Availability||Available for house purchases, re-mortgages with a mortgage of 90% LTV. The mortgage is secured against your home. Some property types and locations are not acceptable, for further information please speak to your mortgage advisor.
This type of mortgage follows our standard variable rate, which is set by the Society’s Board of Directors and can vary.
|Overpayments||Unlimited overpayments permitted. The Society reserves the right to request evidence of source of funds.|
|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, the Society will require a copy of the customer’s policy in advance of completion.|
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:
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.
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
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.
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.
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.