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Guide to buying your first home

Finding your first home and mortgage is an important and exciting time. But it’s a big commitment too.

Tried and trusted for generations, Chorley Building Society will explain all the options to help you make the right mortgage decision. We’ll also help explain to you the fees connected to buying a home, such as paying for building surveys, legal work by solicitors and stamp duty.

  • 1: Do your homework

    What savings do you have, what home would you like, what type of location do you want?

  • 2: Let’s talk mortgages

    Speak to us about your financial needs and what you can borrow.

  • 3: Agreement in Principle

    This is an agreement from us to help you in your discussions around buying your new home.

  • 4: Get viewing!

    Time to step-up your home searching and viewings now that you know how much money you can borrow.

  • 5: Full mortgage application

    You’ll meet a Chorley Building Society mortgage adviser to fill in an application

  • 6: Speak to a lawyer

    We’ll help find a solicitor to assist your property purchase – this is called conveyancing.

  • 7: The survey

    A friendly, expert valuer will check the property you want to buy to see that it’s correctly priced for its condition.

  • 8: Offer & exchange of contracts

    If you’re eligible, we will offer you a mortgage. Then you swap legal contracts with the property seller (vendor). The sale is now bound by law.

  • 9: Completion

    The mortgage and property buying process is complete. Hurray! Move in and enjoy your new home.

Types of Mortgages

We offer a great range of mortgages suited to different needs. Our discounted mortgages typically offer discounts from the standard variable rate for the first few years – typically two or five years – to help you in the early period of home-ownership. We have mortgages for borrowers with limited deposits living in the north of England; and or professionals, such as accountants, doctors and surveyors.

Next Steps

How to Apply

If you’re reading this page then you’re already making a good start to getting your first mortgage.

Contact one of the team today or click here to find out how to apply.

x

Mortgage Payment

Amortization Calculator

£
%

Monthly Payment

£1,673,933,442.49

Total Interest Payable

£96,308,019,647.55

Total of Payments
(Principal + Interest)

£301,308,019,647.55

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.

x

Buy to Let Calculator

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

£
£
£
%

LTV

0%

Monthly Mortgage Payment

£0.00

Monthly Mortgage Payment (Stress Tested)

£0.00

Rent minus 10 day annual void

£0.00

MIN BTL Rental Figure Required 125% (Basic Rate)

£0.00

MIN BTL Rental Figure Required 148% (Higher Rate)

£0.00

Please note that earned income in addition to the rental income( top-slicing) can only be considered by exception

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

Guides

Calculators

x

Mortgage Payment

Amortization Calculator

£
%

Monthly Payment

£1,673,933,442.49

Total Interest Payable

£96,308,019,647.55

Total of Payments
(Principal + Interest)

£301,308,019,647.55

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.

x

Buy to Let Calculator

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

£
£
£
%

LTV

0%

Monthly Mortgage Payment

£0.00

Monthly Mortgage Payment (Stress Tested)

£0.00

Rent minus 10 day annual void

£0.00

MIN BTL Rental Figure Required 125% (Basic Rate)

£0.00

MIN BTL Rental Figure Required 148% (Higher Rate)

£0.00

Please note that earned income in addition to the rental income( top-slicing) can only be considered by exception

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

Speak to a friendly adviser on 01257 235001
Request a Callback
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Book an appointment

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.

HEAD OFFICE Key House
Foxhole Road
Chorley
Lancashire
PR7 1NZ
BRANCHES
IMPORTANT INFORMATION

Your Home May Be Repossessed If You Do Not Keep Up Repayments On Your Mortgage. Think Carefully Before Securing Other Debts Against Your Home. Get help > .

TFSCShe 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.