Chorley Building Society has broadened its mortgage range with the introduction of several new products catering to a diverse set of borrowers, including limited company buy-to-let investors, holiday let owners, and those seeking a second home or later life remortgage options.
For the buy-to-let sector, the society now offers a limited company buy-to-let product with a 60% LTV 2-year discount starting at an initial rate of 5.85%, and a 70% LTV option at 6.14%, with a specific rate of 6.74% for first-time landlords.
Recognising the lasting popularity of staycations, they have also introduced a Holiday Let mortgage with an 80% LTV at a 6.74% initial rate, eligible for properties listed on AirBnB and similar platforms within England and Wales.
For those purchasing a second home, whether for commuting, leisure, or as a residence for dependents, Chorley offers a 2-year discount mortgage with an 85% LTV starting at 6.29%.
Later life lending options have also been expanded, with two new remortgage products offering initial rates of 5.99% at 60% LTV and 6.99% at 80% LTV, respectively.
Liz Pearson, head of operations at Chorley Building Society, said: “We’ve taken on board the valuable feedback that we receive from intermediaries and launched a number of products that they have asked for.
“At Chorley Building Society, we take a flexible approach to lending and assess every case individually. We’re looking forward to supporting intermediaries with their clients’ next purchases, whether that’s a dream second home or beginning a buy-to-let portfolio, our five-star rated team are on hand to help.”
