Chorley BS relaunches shared ownership range

Chorley Building Society has reintroduced its shared ownership mortgage range.

The relaunch follows feedback from brokers, who said their clients were looking for a no product fee option and a range of term lengths.

The three new products at 95% LTV include at two-year fixed rate at 5.49%, a two-year discount rate at 5.59%, and a five-year fix at 5.29%.

Liz Pearson, head of operations at Chorley Building Society, commented: “We are very pleased to be able to offer our new range of shared ownership mortgage products. We’ve listened to feedback from our brokers, and they told us they needed a broader range of options to help find the right product for their client. So, we have launched a range of fixed and discounted products with two and five-year lengths that do not have a scheme fee or application fee, supporting customers to reduce their upfront costs.”

Kim Roby, customer services director, added: “As a mutual building society, it’s part of our ethos to help people buy their own home. Being able to offer the Government backed help scheme, to enable those, who might not otherwise be able to afford a property, onto the housing ladder, is something that we are all very proud of."