Your Home May Be Repossessed If You Do Not Keep Up Repayments On Your Mortgage.
| Maximum Loan To Value (LTV) | 90% |
| Initial Interest Rate | 8.74% |
Our Standard Variable Rate thereafter, currently: | 8.74% |
| The Overall Cost for Comparison is | 9.20% APRC |
| Interest Calculated | Daily |
The following is a representative example based on a mortgage of £157,152.00 payable over 25 years on our Standard Variable Rate of 8.74%. In this example you would make an initial payment of £1,704.93 followed by 299 monthly payments of £1,291.00. The total amount payable would be £387,988.93 made up of the loan amount plus interest of £230,561.93, a CHAPS/ Telegraphic Transfer Fee (£25.00), a Mortgage Exit Administration Fee (£75.00) and a Standard Valuation Fee (£175.00). The overall cost for comparison is 9.20% 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. |
| Scheme Fee | Not applicable. |
| Mortgage Exit Administration Fee | £75 (paid on redemption). |
| Standard Valuation Fee | Paid directly to valuer by the applicant – see Valuation Fee Scale for details. |
| Age | Minimum – 18 years Maximum – No Maximum |
| Term | Minimum – No Minimum Maximum – 40 years |
| Loan Size | Minimum - No Minimum Maximum - £1,200,000 (Maximum Loan amounts vary by LTV, please refer to our current criteria for details) |
| Availability | Available for existing customers, that have come to the end of their mortgage rate period and have not yet chosen another mortgage product. 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. |
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.