Mortgage Promotions boosts Chelsea fee

Mortgage Promotions is increasing the fee it pays to members on business introduced to Chelsea Building Society.

The new fees are:

  • 0.28% of the advance, or 0.3% of the advance on loans over £150,001, subject to a minimum £175.
  • 0.85% of the advance on the Prospect mortgage, subject to a maximum of £1,400.00)

Nick Baxter, director of Mortgage Promotions, says: “We aim to run ourselves to make our members richer – increasing the Chelsea fee shows our commitment to do that.”