Mortgages

Chorley BS returns to BTL market with intermediary only product

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4th October 2017

Chorley Building Society has returned to the buy-to-let market with a new product for intermediaries.

The three-year discount buy-to-let product is available at 3.99% up to 80% LTV and comes with a £195 application fee.

The minimum rental yield cover is 125% for basic rate taxpayers and 135% for higher and additional rate taxpayers.

The Society's range is for non-portfolio landlords and has no maximum age limit for any application.

Products have a maximum loan size of £1,000,000 subject to LTV and a maximum term of 40 years.

Julie Goodwin, Head of Business Development, commented: “I am delighted that Chorley Building Society is re-entering the buy-to-let market and that the Society’s new product offering, once again, provides borrowers with the opportunity to borrow up to 80% LTV. With the individual approach that the Society applies to underwriting, I am confident this will prove attractive with buy-to-let investors.”

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