Chorley Building Society has relaunched its Shared Ownership mortgage range, responding to broker feedback indicating a demand for options without product fees and varying term lengths.
The new products include: a Shared Ownership 2-year fixed rate at 95% loan-to-value (LTV), fixed until 30 April 2027, at a rate of 5.49%; a Shared Ownership 2-year discount at 95% LTV at 5.59%; and a Shared Ownership 5-year fixed rate at 95% LTV, fixed until 28 February 2030, at a rate of 5.29%.
Liz Pearson, head of operations at Chorley Building Society, said: “We are very pleased to be able to offer our new range of Shared Ownership mortgage products.
“We’ve listened to feedback from our brokers, and they told us they needed a broader range of options to help find the right product for their client.
“So, we have launched a range of fixed and discounted products with 2 and 5 year lengths, that do not have a scheme fee or application fee, supporting customers to reduce their upfront costs.”
Kim Roby, customer services director at Chorley Building Society, added: “As a mutual building society, it’s part of our ethos to help people buy their own home.
“Being able to offer the Government backed help scheme, to enable those, who might not otherwise be able to afford a property, onto the housing ladder, is something that we are all very proud of.”
