View more on these topics

Chelsea changes fixed rate mortgage range

Chelsea has changed its fixed rate mortgage products following the recent changes to the Bank of England base rate.

All two-year fixed rates standard, buy-to-let, self-cert, prospect and fees
assisted remortgage products will be increased by 0.40%

All standard three-year fixed rates including helping hand and fees assisted
remortgage will be increased by 0.10%

The three year buy-to-let fixed rate will be increased by 0.15%

Standard five-year fixed rates including fees assisted remortgage and
excluding those linked with a cashback will be increased by 0.20%

All fixed rate end dates and corresponding early repayment charges remain

The rates on Chelseas tracker mortgages have increased in line with the
base rate change by 0.25%.

With effect from the close of business on Friday January 19, all existing
fixed rates will be withdrawn and all new products will be available from
Saturday January 20.


I support the FSA’s willingness to act

In his speech at the Council of Mortgage Lenders annual conference Dan Waters, director of retail policy division for the Financial Service Authority, commented on the effectiveness of the Mortgage Conduct of Business rules so far.

Trustguard says sales soared 46% last year

Trustguard reports overall sales growth of 46% in 2006. This increase includes first and second charge lending during the year, pushing the volume of mortgages and loans beyond £700m.

Rate rise “painful” for two-year borrowers

The recent rise in interest rate will be particularly painful for mortgage holders coming off a two-year deal and hoping to remain on a new fixed rate, says a leading analyst.Lisa Taylor, analyst at, says: Two years ago, one the of best deals available was at 4.47% with a fee of 399. “Today a […]


News and expert analysis straight to your inbox

Sign up