The Cheshire Building Society

Fixed mortgages: are set at an agreed rate for a set period. How long the period is depends on the product you choose. The Cheshire has a number of fixed rate products – choose from 3, 5, 15, 20 or 25 year fixed rate mortgages. After the fixed period the interest rate reverts to the Chershire’s standard variable rate.

The Cheshire have a 3 year stepped rate called the ‘FirstStart’ mortgage. It is set at a low rate of interest for the first 3 years. It then reverts to the standard variable rate for the rest of the mortgage term.

Tracker mortgage: for the first year the rate is set at the Bank of England of base rate – after this the rate will be set at an amount above the Bank of England base rate for the next 4 years.

Discount mortgages: this is a mortgage set at the Cheshire’s standard variable rate less a discount. How long the discount is depends on which product you choose. They range from 2 – 3 years. They then revert to the society’s standard variable rate.

Cash back mortgage: this is set at the standard variable rate. You can get up to 6% of your mortgage as a ‘one off’ cash lump sum up to £30,000.

Shared Ownership: this is a 3 year fixed rate mortgage which will then revert to the standard variable rate after this period.

If you are interested in a mortgage quotation including those offered by the Cheshire Building Society please complete our quick enquiry form.

The Cheshire also offer mortgages tailored to existing borrowers’ needs:

• Home Mover Mortages
• Buy to Let Products
• Re-mortgages

Home Mover: you might want to move to a bigger house or a smaller one. Maybe you just want somewhere different. You can choose from Fixed, Discount, Tracker, Cash back or Shared Ownership mortgages.

Buy to Let: if you want to start to but a portfolio of properties the Cheshire can help. Choose from Fixed, Tracker or Discount mortgages.

Re-mortgages: if you already have a mortgage with another building society or bank, you may be able to save money on your monthly repayments by switching your mortgage to the Cheshire. You can choose from Fixed, Discount, Tracker, Cash back or Shared Ownership mortgages.