Chorley BS launches new and simplified buy-to-let product range
All buy-to-let lending, including limited company, first-time landlord and holiday lets, now have the same interest rate.
Chorley Building Society has simplified its buy-to-let and holiday let range after receiving feedback from brokers.
All buy-to-let lending, which includes limited company, first-time landlord and holiday lets, are now on the same product, with the same interest rate, making it simpler for brokers to choose the right products for their clients.
The range has been completely refreshed, and new fixed rate mortgage products have been launched as well as deepening the discount on variable mortgage products.
At 60% LTV, the Society's buy-to-let fixed rate is 5.39%, rising to 6.29% at 80% LTV. Its two-year discount at 60% LTV now has an initial rate of 4.49%.
Shane Dye, senior BDM at Chorley Building Society, commented: “We value all the feedback we receive from our brokers. We are pleased to be able to simplify our buy-to-let and holiday let range and offer the same schemes and interest rates to all landlords.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
FCA
FCA confirms simplified advice proposals
Inflation
February inflation remains steady at 3% ahead of predicted surge
Interest Rates
MPC member sees 'high bar to hiking' interest rates
Mortgages
Average mortgage rate hits highest level since August 2024
Mortgages
58% of mortgage holders could face repayment increases by 2028: BoE
Regulation
Regulators plan to further relax high LTI lending limits
