The Chesham Building Society has been providing services to investors and borrowers since 1845. Located in south-eastern Buckinghamshire, the largest town in the Chiltern District, Chesham lies 28 miles northwest of London in a steep sided valley. It also plays an active part in the local community, supporting local charities and clubs.

The Chesham Building Society is owned by its members as it is a mutual institution. As such it is only and fully accountable to them, not shareholders. So instead of paying dividends the Chesham can return profits to members in the form of better mortgage rates.

It has these main types of mortgage:

Fixed Rate
Flexible Tracker
Buy to Let mortgages
Re-mortgaging
Loans

Fixed rate: you can select 3 or 5 year fixed rate mortgages, hence the rate of interest is set for the agreed period. If the market interest rates rise your mortgage rate will not increase, but also if rates fall your rate will remain at the agreed level and will not fall.

Depending on which fixed mortgage you choose, the initial fixed rate interest will be determined. After the fixed rate period has concluded the rate is set according to the current Bank of England base rate plus a certain percentage determined by the Chesham.
There is no early repayment fee after the fixed rate period
An application fee is applied

Flexible Tracker mortgages: these allow you to make overpayments and, subsequently, underpayments. You can do the overpayments by lump sum or regular monthly overpayments and pay your mortgage off early without any early repayment fees. You can choose at a later stage to take a payment holiday or make underpayments.

Flexible Tracker mortgages are linked to the Bank of England base rate. The Chesham also charges a certain percentage in addition to this.
Interest will continue to add on the whole loan even in a payment holiday or underpayments periods.
Interest is calculated monthly

Buy to Let mortgages: the Chesham provides two Tracker mortgage choices, the rates of which are set in accordance with the Bank of England base rate, with an added charge set by the Chesham.

The Flexible Tracker option is a certain percentage charge above the Bank of England base rate for the life’ of the mortgage.
The 3 year flexible tracker has a starting lower rate charge above the Bank of England base rate. After the 3 years the rate reverts to a higher charge.
As both mortgages are flexible you can opt to make overpayments, underpayments or, if you qualify, take payment holidays.

The Chesham also has some special offers for first time buyers:

For many of the mortgages you only need a 5% deposit .
The Chesham will consider extending the term longer than the usual maximum 25 years, which might be up to 30 years for first time buyers.
It will take into account your future earning potential and thus help you borrow the amount that you need for your first home.

Re-mortgaging: switch your mortgage to The Chesham and you could save money on your monthly payments. You can select from fixed and discounted rate mortgages and also Flexible Tracker Mortgages that track the Bank of England Base (Repo) Rate.

Loans: if you currently have mortgage with the Chesham you could be eligible for a further advance, which You can repay up to the end of your mortgage term.