For over 145 years, The Chorley & District Building Society has been serving its members helping them buy their homes. The Chorley & District are a mutual society, so they don’t pay dividends to shareholders. The profit is used to help members, the Chorley charge less for mortgages and maintain competitive rates of interest for investors.
The Chorley & District offer an efficient, friendly and personal service. They are committed to mutuality and the benefits it offers. The Society has a strong base in the North West of England, and they aim to keep an excellent link with local people and communities. The Chorley & District won the overall best lender award from What Mortgage magazine in 2001.
The Chorley offers a wide range of mortgages:
Fixed Rate
Discounted Rate
Flexible mortgages
Standard Variable Rate
Buy to Let
Lifetime mortgages
Re-mortgages
Home Improvement
Fixed rate: these are mortgages set a particular rate for an agreed interval. The Chorley has fixed rate products for 3 and 5years. After this time the rate go back to a variable rate.
Discounted rate: these type of mortgages come with a discount rate for an agreed period. You can choose from the following types:
Discounted Variable Rate the Chorley’s standard variable rate minus a discount for a set period.
Flexible Discount Mortgage you can make overpayments, underpayments and 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 interval.
Discounted 231 a six year stepped discounted variable rate mortgage, most attractive to first time buyers with a greater discount in the first year.
Flexible mortgages: this is a scheme which charges interest daily rather than annually. It allows underpayments, overpayments and payment holidays (only if agreed with the Chorley & District) it fits most 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 generally low and is 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 year commercial fixed rate mortgage and a standard variable rate mortgage plus an agreed amount of interest added. This rate tracks the Bank of England base rate.
Lifetime mortgages: these mortgages are for 60 years old and over homeowners. It allows them to release the equity (capital) in their homes. They can borrow money secured on the home.
Re-mortgage: if you are seeking to move your existing mortgage to another lender, Chorley & District have a number of mortgage offers that could assist you save money on your monthly repayments:
Fixed Rate
Discounted Rate
Flexible Rate
Standard Variable Rate
Home Improvement: if you are a current Chorley and District customer you may wish to take out additional loans for home improvements, to buy a car or other pricey items. Again you can choose from a variety of mortgage offers.