View more on these topics

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

By email

Recommended

UCB to hike self-cert and buy-to-let fixed rates

UCB Home Loans will increase its fixed rates on self-certification and buy-to-let mortgages. The company says that the new rates reflect recent movements in the money markets. On self-certification mortgages its two-year fixed rate will increase by 0.50% to 5.49%, its three-year fix will increase by 0.40% to 5.69% and its five-year fixed rate will […]

CML and NAEA dismiss housing bubble fears

The Council of Mortgage Lenders and the National Association of Estate Agents have jointly dismissed talk of a housing market bubble. They both expect sustained growth over the coming year.

North / South divide is dead in buy-to-let market

Half of all buy-to-let lending now takes place away from the South of England, latest research from ARLA reveals. The Midlands, the North and Scotland and Wales accounted for 49.9% of all lending to buy-to-let investors in the three months to the end of September. The average number of loans arranged each month increased by […]

FSA approves Clay Cross and Derbyshire merger

The Financial Services Authority yesterday confirmed the proposed transfer of the engagements of the Clay Cross Building Society to the Derbyshire Building Society.

Newsletter

News and expert analysis straight to your inbox

Sign up