Here is the latest update from Chorley Building Society. Access these product via our direct to lender mortgage club and get the benefits of payment on completion.
Lender Announcement
Latest update from Chorley Building Society
After a review of our Later Life lending proposition, we have changed the age criteria for Later Life products. Borrowers aged up to 75 can apply for our standard mortgage products range
Our Later Life lending mortgage products are now available to borrowers who are aged 75 or over on application or will be aged 75 at the end of the mortgage term.
This accommodates those people in non-manual roles who work up to the age of 75.
With this change in lending criteria we have launched two new products:
🏠 Later Life 2 Year Discount – 60% LTV – initial rate 6.09% (2.65% discount from the Society’s Standard Variable Rate for 2 years. The discount is subject to a minimum interest rate floor of 2.00%).
🏠 Later Life 2 Year Discount – 80% LTV – initial rate 7.24% (1.50% discount from the Society’s Standard Variable Rate for 2 years. The discount is subject to a minimum interest rate floor of 2.00%)
For more details, please visit www.chorleybs.co.uk/intermediary or give the team a call on 01257 235 001