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Early Repayment Charge
2.50% of the redemption balance until 31st January 2026
1.50% of the redemption balance from 1st February 2026 until 31st January 2027
Mortgage Exit Administration Fee
£75.00 (payable on redemption)
2 Year Fixed Rate 95% LTV (fixed until 31.01.2027)
Maximum Loan To Value (LTV)
95%
Initial Interest Rate
5.39%
Follow On Variable Rate until 31.01.2027
7.34%
Standard Variable Rate thereafter
8.59%
Overall Cost for Comparison (APRC)
7.70%
Interest Calculated
Daily
Initial Interest Rate: 5.39% (fixed until 31st January 2027)
This is a limited issue and the Society reserves the right to withdraw this scheme without notice at any time.
Mortgage Summary
The following is a representative example based on a mortgage of £216,634 payable over 25 years initially on a fixed rate of 5.39% until 31st January 2027, a further discounted variable rate of 7.34% until 31st January 2031, followed by our Standard Variable Rate of 8.59%. In this example you would make 27 monthly payments of £1,316.13, followed by 48 monthly payments of £1,560.23 followed by 227 payments of £1,705.58.
The total amount payable would be £494,257.05 made up of the loan amount plus interest of £277,548.05 and a Mortgage Exit Administration Fee (£75.00).
The overall cost for comparison is 7.7% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.
Age
Minimum - 21
Maximum - No Maximum Age
Term
Minimum - 2 Years
Maximum - 40 Years
Loan Size
Minimum - £5,000
Maximum - £1,200,000 (Maximum Loan amounts vary by LTV, please refer to our current criteria for details)
Availability and Suitability
Available for existing mortgage customers with a mortgage of up to 95% LTV, whose special mortgage rate period is coming to an end, or wish to switch to another product
With a fixed rate product payments are fixed for the term of the product.
Not available for Later Life or Help to Buy.
Overpayments
The Society will allow overpayments of up to 10% of the redemption balance per annum without invoking an early repayment charge.
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.
What you can expect from us:
- Individual advice from friendly, qualified mortgage advisers.
- Legal & valuation incentives (subject to product terms and conditions).
- A flexible approach to your lending needs.
- A personal service – one point of contact.
- A choice of interest-only or capital repayment methods, or a combination of both.
- We will guide you every step of the way.
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.