Chorley Building Society has launched four new products for extending a fixed rate.
These mortgage options are an addition to the already available discount products, which increases the range of four to eight.
The new products are credit innovation 1 – 2 years 60% LTV (fixed to 31.10.2027) – 5.89%; Credit extension 1 – 2 years 90% LTV (fixed to 31.10.2027) – 6.19%; Credit renewal 2 – 2 years 60% LTV (fixed to 31.10.2027) – 5.99%; and credit renewal 2 – 2 years 70% LTV (fixed to 31.10.2027) – 6.29%
Respond to the new products Chorley Building Society Head of Operations Liz Pearson said: “We are very happy that we can introduce mortgage products with a fixed rate in our credit innovation range.
“We have received broker feedback that customers, who are eligible for these specialized loan types, are often looking for a fixed rate to support them in managing their budget and rebuilding their credit profile, and so we have worked hard with our product team to introduce these four new products into our range.”
The Society has recently announced a series of new products, including professional mortgages and Buy for mortgages.