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Chelsea withdraws Prospect sub-prime range

Chelsea will be withdrawing its sub-prime Prospect range from close of business today.

It will be introducing sub-prime rates via Prospect tomorrow.

The rates will be available on the website from Tuesday morning.

All other Chelsea mortgage products remain unchanged.

Prospect applications on the current range must be submitted by 5pm today to secure the rate.

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Swaps inched their way down last week but this had no effect on the race for the worst buys.

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