Chelsea is not joining the rush to change rates

From Jeremy Hicks

I&#39m sure there will be a rush of lenders changing rates following the Bank of England&#39s announcement but at the moment the Chelsea is not one of them, as incorrectly reported (Mortgage Strategy November 10).

I think you have taken the detail of a rate increase from our investment press release which illustrates our response for investors which I&#39m sure your readers will welcome as it shows a lender looking to assist investors who have suffered while borrowers have enjoyed the benefits of lower rates.

I&#39m pleased to advise you that the two-year and three-year fixed rate mortgage accounts remain at 4.35% and 4.89% respectively.

Jeremy Hicks

Public relations and corporate affairs controller

Chelsea

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