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Cheshire Building Society Home Improvement Loan Review


Cheshire Building Society Home Improvement Loans

 

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Cheshire Building Society Home Improvement Loans

Exclusive to Cheshire Building Society borrowers the Home Improvement Loan scheme means you can get a secured loan at their standard variable mortgage rate.

If your existing mortgage is already on one of their loyalty schemes Cheshire Building Society will offer you a choice of loyalty rates. Contact them for further details.

If you want to borrow more than £25,000 you will have the added benefit of being able to choose one of their new borrower schemes for your additional loan, and Cheshire Building Society will waive any new borrower product arrangement fee.

Cheshire Building Society Home Improvement Loan

You may find it is easier to improve your home rather than move and, because you are an existing borrower, applying for a Home Improvement loan couldn’t be simpler.

  • Minimum loan £2,000, the maximum is whatever you can sensibly afford, providing your outstanding mortgage, together with the extra you wish to borrow, does not exceed 95% of your property’s value

  • Repayment can be arranged in a similar way to your existing mortgage

  • Apply now, visit the Cheshire Building Society website and click on Printable Application Forms. Simply complete it and send it in to them with the relevant documentation

  • A £50 fee, which is non refundable, is payable on application. This fee covers the administrative and processing costs of arranging your loan

  • No high Loan to Value charge up to 90% of the loan to value. For loans above 90% there will be a charge, but it can be added to the mortgage to make things easier

  • If the projected debt exceeds 80% it would be necessary for the funds to be withheld, in whole or in part, until the proposed works are completed to the satisfaction of the Society’s Valuer

 

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