Chorley BS launches new buy-to-let, second home and later life products

Chorley Building Society has added a number of new mortgage products to its existing buy-to-let, holiday let, second home and later life lending ranges.

The Society has launched new limited company buy-to-let products, available to existing and first-time landlords, including those that are first-time buyers. Up to four applicants are permitted per application.

A 60% LTV two-year discount product is available at 5.85%, a 70% LTV two-year discount starts at 6.14%, and a first-time landlord two-year discount product at 70% LTV has launched at 6.74%.

A new holiday let two-year discount product has launched at 6.74% up to 80% LTV, available for purchases in England & Wales (exclusions apply) and can be used for properties advertised on AirBnB and similar platforms.

Chorley has also launched a second home mortgage, designed to support customers that are purchasing a second home that will be used as a commuter home, weekend retreat or for dependents to live in. The two-year discounted rate of 6.29% is available up to 85% LTV.

In addition, two new later life remortgage products have been added to the Society’s range, starting at 5.99% up to 60% LTV and 6.99% up to 80% LTV.

Liz Pearson, head of operations at Chorley Building Society, commented: “We’ve taken on board the valuable feedback that we receive from intermediaries and launched a number of products that they have asked for. At Chorley Building Society, we take a flexible approach to lending and assess every case individually. We’re looking forward to supporting intermediaries with their clients’ next purchases, whether that’s a dream second home or beginning a buy-to-let portfolio, our five-star rated team are on hand to help."