The Chorley & District Building Society

Fixed rate: these are mortgages set a specific rate for an agreed period. The Chorley has products available that are fixed for 3 and 5years. After this time the rate reverts to a variable rate.

Discounted rate: these type of mortgages come with a discount rate for an agreed period. You can choose from:

Discounted Variable Rate: the Chorley’s standard variable rate less a discount for a set period.

Flexible Discount Mortgage: you are allowed to make overpayments, underpayments and even take payment holidays.

Fixed/Discounted mortgage: this type of mortgage is fixed for financial security at the beginning and then a discount applies for an agreed period.

Discounted 231: a six year stepped discounted variable rate mortgage, especially attractive to first time buyers with a greater discount in its first year.

Flexible mortgages: a scheme which charges interest daily and not annually. It allows underpayments, overpayments and payment holidays (only if agreed with the Chorley&Disctrict) – it is most attractive to those with fluctuating earnings, like the self-employed.

Standard Variable rate: this mortgage changes according to the Bank of England base rate and is set by the society itself. It is regularly low and is in fact so competitive that the Chorley & District have been finalists in the top ten ‘Best Value Lender’ ever since the What Mortgage awards began.

Buy to Let mortgages: Chorley has two types. A 5 yr commercial fixed rate mortgage and a standard variable rate mortgage plus an agreed amount of interest. This rate follows the Bank of England base rate.

Lifetime mortgages: these type of mortgages allow homeowners who are aged
60 years and older to release the equity (capital) in their homes. You borrow money secured on your home.

Re-mortgage: if you are seeking to switch your existing mortgage to another lender Chorley & District have a number of mortgage offers that could help you save money on your monthly repayments:

• Fixed Rate
• Discounted Rate
• Flexible Rate
• Standard Variable Rate

Home Improvement: if you are current customer of the Chorley and District you may wish to take out further loans for home improvements, to buy a car or other expensive items. Again you can choose from a number of mortgage offers.

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