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Chorley BS launches 90% exclusive through Mortgageforce

Chorley Building Society has launched a range of exclusive products with Mortgageforce, including a 90 per cent loan-to-value mortgage.

The product is a two-year discount mortgage at 4.99 per cent with a £995 fee. It is portable and has a maximum loan of £500,000.

Mortgageforce managing director Kevin Duffy says: “It is refreshing that in spite of the constrained market conditions there are societies such as Chorley still looking to assist homebuyers and we look forward to forming a strong relationship with the Society.”

Chorley BS chief executive Stephen Penlington says: “Chorley has an appetite to increase its mortgage lending in 2011 and support the intermediary sector. Like all mutual lenders we want to maintain our high quality of lending and service so a partnership with Mortgage Force fitted perfectly.”

Last week, the brokerage announced it had completed its management buyout from West Brom Building Society.

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