Chorley Building Society has added a new remortgage product after reviewing its range, in line with broker feedback.
The association has launched a new two-year fixed rate product, 90% LTV – initial interest rate 5.39%. It offers a £185 contribution towards legal costs and £350 cashback.
Liz Pearson, head of operations at Chorley BS, commented: ““Feedback from brokers indicated that a range of LTV levels were needed due to the varying demands of their clients.
“Offering low and high LTV options means they can offer options to customers who have not yet built equity in their properties, to customers who have owned their properties for several years and may want to free up cash.”