Chorley Building Society has launched two new mortgage products exclusively for first-time buyers, expanding its support for those stepping onto the housing ladder.
The new products include a 2-year fixed rate at 90% LTV at 5.29% and a 2-year fixed rate at 95% LTV at 5.79%, both fixed until 31 July 2027. Neither product carries a product or scheme fee and both include a £250 cashback, aiming to reduce the upfront costs typically faced by new buyers.
The mortgages are open to applicants where at least one individual has never previously held a mortgage, and they complement Chorley’s broader offering, which includes support for Government schemes such as First Homes, Shared Ownership, Help to Buy (Wales), and the Discount Market Scheme.
Liz Pearson, head of operations at Chorley Building Society, said: “The Society was founded to help people buy their own home and this is still true today, more than 165 years later. Our exclusive first-time buyer mortgages have been designed to support those looking to get onto the housing ladder as they do not have application or scheme fees and also include a cashback.”
Chorley was recently shortlisted for First Time Buyer Mortgage Lender of the Year at the Mortgage Awards 2025 and received a five-star rating for the seventh consecutive time in the Mortgage Lender Benchmark Survey.
