View more on these topics

Chelsea Building Society cuts rates by up to 0.30% from tomorrow

Chelsea Building Society is cutting rates on selected mortgage products by up to 0.30 per cent from tomorrow.

The direct-only lender is cutting the rate on the five-year mortgage up to 75 per cent from 2.89 per cent to 2.84 per cent. The two-year rate up to 85 per cent LTV is being cut from 3.39 per cent to 3.29 per cent.

Both products require a fee of £1,545.

From the first-time buyer exclusive range, the rate on the two-year fix up to 75 per cent LTV is being cut from 2.99 per cent to 2.69 per cent. The rate on the two-year fix up to 90 per cent LTV is being cut from 4.49 per cent to 4.29 per cent.

The 75 per cent LTV product requires a £1,345 fee and the 90 per cent LTV product requires a £345 fee.

Chelsea Building Society product manager Sunjeev Sahota says: “We are listening to our customers and continually assessing our product range to offer competitive deals for those with both a small or large deposit.

“The new deals we are introducing will give borrowers across the full spectrum of LTVs more choice when looking for the best deal for them.”



Media Spotlight: In the Name of the People by Ivo Mosley

When I first set eyes on this book, I thought I would have to endure ranting words about lack of democracy and endless jargon that I would struggle to understand. But I was pleasantly surprised. In the Name of the People, written by Ivo Mosley who is the grandson of fascist leader Oswald Mosley, is […]

AMI fears FirstBuy will undercut commercial products

The Government’s extension of the FirstBuy scheme may have “cut the ground from under” commercial products such as the Castle Trust partnership mortgage, according to the Association of Mortgage Intermediaries. The partnership mortgage allow borrowers who have a 20 per cent deposit to take out a 20 per cent loan from Castle Trust, making them […]

Registrations opens for MBE event

Registration for the Mortgage Business Expo Manchester in May has now opened. The event is free to attend and will take place at the Lancashire County Cricket Club on 23 May. Accord, Aldermore, Nationwide for Intermediaries/The Mortgage Works, Platform, Precise Mortgages and Virgin Money are among the lenders who have already confirmed their attendance as […]

Ying Tan


The buy-to-let market is buoyant as rates spiral downwards and brokers have an opportunity to win back remortgage business

Life after the CML

By Roy Armitage, head of credit at LendInvest Last month saw three-quarters of the membership of the Council of Mortgage Lenders (CML) vote in favour of plans to create a super-trade body, which would see the CML merge with the likes of the British Bankers’ Association and Payments UK. There is little room for misty-eyed […]


News and expert analysis straight to your inbox

Sign up