Mortgage Innovation: Chorley Building Society Leads the Way

As the UK’s mortgage landscape continues to evolve, one thing is clear: borrowers are increasingly seeking stability and security in their mortgage products. In response to this growing demand, Chorley Building Society has recently launched a range of fixed-rate mortgages designed to provide borrowers with the peace of mind they need.

A growing number of borrowers are seeking mortgages later in life, and Chorley Building Society is responding to this need with innovative new products.

In particular, the society’s later life range is worthy of note. With two new products added to the range, borrowers can now access 5-year fixed rates at 75% loan-to-value (LTV), and 5-year fixed rate remortgages at 75% LTV, both fixed until 30th June 2029. These products are designed to support older borrowers who need to purchase or refinance, providing them with the stability and security they crave.

“We see more and more people who have a need to borrow later in life, and we want to make sure our mortgages support older borrowers who need to purchase or refinance,” said Liz Pearson, head of operations at Chorley Building Society.

The society’s decision to launch these new products is a direct response to feedback from brokers and customers, who have been seeking more stability in their interest rates and payments. By providing these innovative new products, Chorley Building Society is demonstrating its commitment to supporting older borrowers and providing them with the mortgage solutions they need.

Chorley Building Society’s new buy-to-let products are designed to provide landlords with greater stability and security.

In addition to its later life range, Chorley Building Society has also launched two new buy-to-let (BTL) products: a 2-year fixed rate at 70% LTV and a limited company 2-year fixed rate at 70% LTV, both fixed until 30th November 2026. These products are designed to provide landlords with greater stability and security, and are a testament to the society’s expertise in BTL lending.

“Our Underwriting team have a great deal of experience in Buy to Let lending,” said Pearson. “Our personalised approach means they are very happy to support Brokers with their complex and bespoke cases that fall into this type of specialist lending.”

As the UK’s mortgage market continues to evolve, it’s clear that Chorley Building Society is at the forefront of innovation. By providing borrowers with the stability and security they need, the society is helping to drive the market forward and provide better outcomes for borrowers.

Mortgage innovation is key to driving the market forward and providing better outcomes for borrowers.