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Self Build Mortgages
This type of mortgage is designed for existing Chorley Building Society Members with a self build mortgage secured against their property, who require a product scheme extension to complete their build.
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Self-Build - 1 Year Extension 80% LTV
Initial Interest Rate
7.35%
Maximum Loan To Value (LTV)
80%
Overall Cost for Comparison
9.00%
Product Code
R169
The following is a representative example based on a mortgage of £188,501.00 payable over 25 years initially on a discounted variable rate of 7.35% for 1 year followed by our Standard Variable Rate of 8.74%. In this example you would make 1 payment of £1,792.24, 11 monthly payments of £1,374.70, followed by 288 monthly payments of £1,544.80.
The total amount payable would be £461,891.34 made up of the loan amount plus interest of £273,315.34, and a Mortgage Exit Administration Fee (£75.00).
The overall cost for comparison is 9.00% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.