Chorley Building Society has added a new remortgage product after reviewing the range, in line with broker feedback.

The society has launched a new two- year fixed rate product,90% LTV – initial rate 5.39%. It  offers a £185 contribution to legal fees and a cashback of £350.

Chorley BS head of operations Liz Pearson commented: ““Broker feedback indicated that a range of LTV levels were needed, due to the differing requirements of their clients.

“Offering low and high LTV options means that they can provide options to clients that may not have built up equity in their property yet, to those that may have owned their property several years and may be looking to release funds.”