Chorley Building Society Expands Shared Ownership Range

Chorley Building Society has introduced new shared ownership mortgage products after reviewing its range based on broker feedback.

The new offerings include a two-year fixed rate mortgage at 95% loan-to-value (LTV), fixed until the end of November 2026. Additionally, the society has updated its discount product with an increased LTV. This two-year discount shared ownership mortgage will offer a lower rate starting from the end of October 2024.

Liz Pearson, Chorley Building Society’s head of operations, commented, “As a mutual lender, it’s important for us to support those who need extra help to get on the housing ladder. We are pleased to offer shared ownership mortgages backed by the Government’s help scheme.”