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					                               Stepped Discount for 3 Years (Issue 412) Direct




         Amount of Advance               Year 1        Year 2         Year 3         Thereafter       The overall cost for
                                                                                      Variable          comparison is


        £5,000 to £1,000,000             4.29%         5.29%          5.29%              5.49%            5.5% APR




MAXIMUM L.T.V.*                    90% England and Wales        75% debt consolidation


*L.T.V. = mortgage advance as a percentage of the purchase price or valuation


 Maximum Advance as percentage of income: -

 Single Income                                 x 4

 Joint Income                                  x 3.5

 Bonus/Commission/Overtime may be considered at the Society’s discretion

MAXIMUM TERM            40 years

MINIMUM ADVANCE         £5,000.00

MAXIMUM ADVANCE         £1,000,000

SCHEME FEE              1.00%

BOOKING FEE             £145.00 payable on application non refundable

VALUATION               The Society requires a valuation on all properties.

STATUS                  Mortgages are subject to status and not available to those under 18 or over 75.

LIMITED FUNDS           The Society reserves the right to withdraw this scheme at any time.


HIGHER LENDING CHARGE              Applies on advances over 80% LTV. Paid by the Society.

     THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE
              REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

                                                                  1
Interest Rate Features

         Interest calculated daily.

         The rate of interest charged has been reduced below the Society’s Standard Variable Rate by 1.20% in year one
          and by 0.20% in years two and three.

         The Society’s Standard Variable Rate is set by its Credit Committee.


Higher Lending Charge

The Society will pay the higher lending charge premium on loans above 80% LTV.

Early Repayment Charge

         The Society will allow overpayments of up to 10% of the capital balance per annum without invoking an early
          repayment charge.

         IF within three years from completion, the mortgage is repaid in full or by more than the above overpayment
          allowance, an early repayment charge equal to 2% of the redemption balance will apply.


Mortgage Exit Administration Fee

         A £75 mortgage exit administration fee is payable on redemption

Portability

         This scheme can be transferred to another property.

Insurance

Buildings Insurance on the property to be mortgaged is compulsory.

The Society can provide a quotation for Buildings and Contents Insurance. Customers may make separate arrangements in
which case a Freedom of Agency Fee of £25 will be charged.

It is suggested that all mortgage customers consider their requirements for the following types of cover:

             Unemployment Insurance
             Sickness and Accident Insurance
             Life Insurance




        THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE
                 REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.



                                                                 2
        15/10/2012

        The Chorley & District Building Society. Chief Executive Stephen Penlington MBA, BSC ECONS (HONS)
        A member of the Building Societies Association. Shares & Deposits in the Society are Trustee Investments.
        Authorised and regulated by the Financial Services Authority. FSA Number 206023.

        Branches at:
        Key House, Foxhole Road, Chorley, Lancashire PR7 1NZ. Tel 01257 235000
        28-30 High Street, Chorley, Lancashire PR7 1DW. Tel 01257 235014
        153-155 Towngate, Leyland, Lancashire PR25 2LH. Tel 01257 235016

				
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