Chorley Building Society has added new shared ownership mortgage products after reviewing its range based on broker feedback.
The association has launched a two-year fixed rate of 95% LTV, which is fixed at 5.49% until the end of November 2026.
A new discount product has also been launched with a higher LTV. This is a two year discount on shared ownership – 95% LTV. The current rate is 6.09% and will be reduced to 5.94% from the end of October 2024.
Commenting on the new deals, Liz Pearson, head of operations at Chorley BS, said: “As a mutual lender, it is important to us that we help those who need extra help getting onto the housing ladder. We are pleased to be able to offer shared ownership mortgages supported by the government relief scheme.”