Lending Snapshot

For intermediary use only

Lending Snapshot

DIRECT DIAL TO UNDERWRITERS

EXPERIENCED UNDERWRITER NO CREDIT SCORING

Common sense Access to the Who is the approach underwriting team decision maker?

NO MAXIMUM AGE LIMIT DISCHARGED OVER £ 3 YEARS AGO

Realistic approach to Interest only Will consider lending into/whilst retired option bankruptcy IVA

Concessional purchase Flexible approach to contract Guarantors and gifted deposit workers and self-employed considered

Subject to Chorley Building Society’s Lending Criteria (overleaf) and Mortgage Terms and Conditions. Valid as at May 2018. For more information, email [email protected], or call 01257 235 001 - Option 2

Chorley and District Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered on the Financial Services Register under number 206023. Registered Office: Key House, Foxhole Road, Chorley, Lancashire PR7 1NZ. Chorley and District Building Society is a member of the Building Societies Association and a participant of the Financial Ombudsman Service and Financial Services Compensation Scheme. Your telephone conversations with the Society may be recorded. This is to help the Society to improve customer service and to offer additional security. FLEXIBLE, SERVICE DRIVEN, COMMON SENSE APPROACH, NO CREDIT SCORING, INDIVIDUAL UNDERWRITING

Considered Studio Flats Concessional Purchase Non Cash/Deposit Builder Incentive up to 5% Flats above 4 Storeys Maximum age of Guarantor 75 at term end Flying Freehold up to 20% Ex L/A Flats Section 106 Agricultural Restrictions Contract Workers DMS Properties Second Homes Gifted Deposits

Concessional Purchase PART Interest Only & Maximum LTVs • 100% of purchase price PART Capital Repayments • Max 90% LTV market value 70% £800,001 to £1,000,000 Maximum Minimum Max interest 80% £500,001 to £800,000 • Close family member LT V Equity only element 85% £400,001 to £500,000 • Sitting Tenant 90% £350,001 to £400,000 • Property to be used as main 85% £50k £500k 95% Up to £350,000 residence Subject to availability • Person providing concession not to remain at property Min Term 1 Year Max Term 40 Years Interest Only Maximum Minimum Maximum Credit File LT V Equity advance The following can be considered Lending Into Retirement (subject to individual criteria) 80% £50k £500k

Maximum LTV • CCJs or defaults settled over Max LTV 75% 3 years ago to downsize • CCJs issued in last 3 years 50% Lending Whilst Retirement totalling less than £500 (Min equity £100k) • Discharged bankrupt or IVA Maximum LTV over 3 years ago 70% • Defaults showing on credit file • Well maintained DMPs Remortgage

Maximum Max LTV LT V for debt Minimum Help To Buy Equity Loan Maximum Age consolidation 6 month ownership • New Build Only No max age on residential or 95% 80% • Max Loan £600k England BTL subject to individual case • Max Loan £300k Wales assessment • Forces Buy To Let

Minimum Minimum LT V Loan Self Employed Right To Buy £80k • Minimum 18 months trading • 100% of the discounted 80% (£56k for North West) • Ltd Company Salary & Dividends purchase price 3 or less mortgaged BTL properties • Sole Trader/Partnership - • Max 75% LTV market value we take share of net profit 1st time landlords considered Subject to availability

For more information, visit our website at chorleybs.co.uk or by email at [email protected] 01257 235 001 - Option 2

Subject to other Lending Criteria and Mortgage Terms and Conditions. Valid as at May 2018.