Chorley BS re-enters holiday let market

Chorley Building Society is re-entering the holiday let market with two new products.

Related topics:  Mortgages   |   Rozi Jones
|
12th January 2022
house mortgage overseas beach holiday
"There has been a significant increase for holiday let mortgages and we are pleased that we are now able to offer two competitive products for this market."

Two-year discounted rates are available at 3.04% up to 80% LTV for purchase or remortgage.

Products are available for properties in England and Wales and can be considered on an interest-only basis as well as capital repayment.

The range features no maximum age limit and allows up to three properties within a portfolio.

Julie Goodwin, head of business development, said: "We believe that many people will continue the trend of holidaying within the UK and enjoying our idyllic countryside and wonderful seaside towns. We’re keen to support those who wish to move into the holiday let market for the first time or those who wish to expand their portfolio as well as those who are looking to remortgage existing properties.”

Head of lending, Liz Pearson, commented: “We understand from our intermediary network that there has been a significant increase for holiday let mortgages and we are pleased that we are now able to offer two competitive products for this market. Our underwriting team assess every case individually and take a flexible approach to lending and we are very much looking forward to supporting our intermediaries’ clients realise their holiday letting dreams.”

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