Chorley Building Society has added a number of fixed rate products to its range after reviewing feedback from brokers and customers.
In the later life range, the society has launched two products: a 5-year fixed rate at 75% loan-to-value (LTV), and a 5-year fixed rate remortgage at 75% LTV, both fixed until 30th June 2029.
Liz Pearson, head of operations, said: “We see more and more people that have a need to borrow later in life, and we want to make sure our mortgages support older borrowers who need to purchase or refinance.
“Feedback from our Brokers said our Later Life borrowers were looking for more stability in their interest rates and payments and so we’re responding to these needs by launching these new 5-year fixed rate products.”
The society’s later life products are available when any of the applicants’ ages are 75-plus on application, or at the end of the mortgage term.
In buy-to-let (BTL) Chorley Building Society launched two products: a 2-year fixed rate at 70% LTV and a limited company 2-year fixed rate at 70% LTV, both fixed until 30th November 2026.
Pearson added: “Our Underwriting team have a great deal of experience in Buy to Let lending.
“Our personalised approach means they are very happy to support Brokers with their complex and bespoke cases that fall into this type of specialist lending.”
