Chorley rejoins holiday let market

Jake Carter

January 12, 2022

Chorley Building Society has re-entered the holiday let market with the launch of two 80% loan-to-value (LTV) mortgage products.

The deals include a 2-year fix at 3.04% and a 2-year fix at 3.04% with assisted fees for remortgages.

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

Other features include no maximum age limit and up to three properties within a portfolio allowed, including buy-to-let properties.

Julie Goodwin, head of business development at Chorley Building Society, 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.”

Liz Pearson, head of lending at Chorley Building Society, added: “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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