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
📣Chorley Building Society – Credit Renew Product and Lending Criteria Update📣
Credit Renew – Increased Loan to Value
The Society has increased the LTV on both its Credit Renew 1 and Credit Renew 2 products.
Credit Renew 1 – 2 year discount is now available at 90% LTV (previously 80% LTV) and Credit Renew 2 – 2 year discount is now available at 75% (increased from 70%).
Also available are 60% LTV options on both products.
Our Credit Renew products are split into category 1 and category 2, which acknowledges the differing stages that customers may be at, in their recovery from life events.
Credit Renew – Lending Criteria Changes
Changes to the lending criteria of Credit Renew products now provide greater flexibility. Defaults up to £1,000 can now be accepted on standard lending (subject to still meeting being registered more than 6 months ago and no more than two in last two years).
If a client has a default, they are now able to settle this with the loan, subject maximum LTV.
For full details view our lending criteria here – https://www.chorleybs.co.uk/lending-criteria/
To take a look at our product range and view our product interest rates visit: https://www.chorleybs.co.uk/intermediary/
Remember we credit search and not credit score, taking a flexible approach to lending.
We are currently processing DIPs within 24 hours and apps within 3 days, so get in touch with our team on 01257 235 001 or [email protected] if you have any queries at all.