View more on these topics

Chelsea introduces two year fixed rate mortgage

Chelsea has announced the introduction of a two year fixed rate mortgage, available from October 19 2005.

Tom Gurrie, intermediary sales controller at Chelsea, says: “Fixed rates remain an important and highly competitive sector within the mortgage market. We are keen to ensure the societys products remain attractive”.

The product features a two year fixed rate at 4.25% until January 31 2008, when it will revert to the societys standard variable rate currently 6.49%. The overall cost for comparison is 6.3% APR.

Maximum LTV is 95%, the arrangement fee is 495, administration fee is 245 and the early repayment charge is 3% until January 31 2008.

Recommended

Trump to sell mansion for 71m

Millionaire businessman Donald Trump’s Florida mansion has become the most expensive property in America. The star of TV’s The Apprentice is selling his 17-bedroom house for a massive 71m. Though Trump has spent a fortune renovating the property, he has never lived in it.

Postal plan could affect sales

House buyers and sellers may have to take into account the cost and inconvenience of posting letters if plans to change the way postage is paid for go ahead. The postal monopoly ends in January and there has been much discussion about the knock-on effect this will have on a system that delivers 84 million […]

Landlords united

The National Landlords Association and the Dorset Residential Landlords Association have come together in a step towards providing a more coherent and unified voice for the private rented sector.

Coventry appointment

Coventry has appointed Richard Field as head of communications. Field previously worked at Barclays for 10 years, taking a number of senior internal communications roles within its retail, small business and premier business units.

Newsletter

News and expert analysis straight to your inbox

Sign up