Chorley Building Society Remortgage
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Because Chorley Building society is a mutual society and therefore does not have shareholders to pay dividends to, it can extend the profits to customers in the form of competitive interest rates and less charges. The most recent deals available for Chorley Building Society remortgages can be seen in the table below.
Chorley Building Society Remortgage Review
Chorley Building Society has been providing its members with excellent customer service, satisfaction and competitive products for nearly 150 years. Chorley asks each of its members to complete a customer satisfaction survey, the results of which are reviewed by the Board of Directors each month in order to ensure the highest quality of customer service.
The range of Chorley Building Society remortgages on offer include tracker, variable, flexible, discount and switch and save. Depending on the type of deal you want, you can choose from the following type of mortgage:
- Lifetime mortgage
- Home improvement
- House purchase
What is a remortgage?
A remortgage is when you replace your existing mortgage with a new one. There are many reasons for remortgaging, but the majority fall into one of the two following categories:
- Remortgaging to save money – If you have a fixed rate mortgage deal, your interest rate will usually switch to the lender’s Standard variable Rate (SVR) which is likely to be higher and will probably mean that you have to pay more each month. By switching to a better deal with a different mortgage provider, remortgaging could potentially allow you to benefit from lower interest rates and lower monthly mortgage repayments.
- Remortgaging to raise money – Remortgaging can allow you to release some of the equity in your home. This could be useful if you wanted to carry out repairs to the property, add an extension, help your child with their own mortgage deposit, or consolidate other existing debts.
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