Chorley Building Society has added new shared ownership mortgage products after reviewing the range following broker feedback.
The society has launched a shared ownership two- year fixed rate 95% LTV – fixed until end of November 2026 at 5.49%.
An updated discount product has also been launched which features an increased LTV. This is a shared ownership two-year discount – 95% LTV. The current rate is 6.09% and will reduce to 5.94% from end of October 2024.
Commenting on the new deals Chorley BS head of operations Liz Pearson said: “As a mutual lender, it is important to us that we help those who need additional help to get on the housing ladder. We are pleased to be able to offer Shared Ownership mortgages that are backed by the Government’s help scheme.”
