View more on these topics

Chelsea cuts rates across product range

Chelsea Building Society is making rate cuts across its product range from Thursday.

The cuts will affect selected fixed rate and tracker mortgages at 70 per cent and 90 per cent LTV while £500 cashback products are also being introduced to help purchasing and remortgaging customers.

A two year fixed rate mortgage at 70 per cent will be available at 2.74 per cent, down from 3.19 per cent and a two year fixed rate mortgage at 90 per cent will be available at the new rate of 4.24 per cent, down from 4.49 per cent.

The 2.69 per cent tracker has ben cut from 3.14 per cent

Chelsea BS product manager Sunjeev Sahota says: “We’ve cut rates across the range to make our products even more competitive. We’re also launching new cashback products, which are ideal for borrowers looking to reduce their upfront costs.

“The cashback changes have been introduced following customer feedback – as a building society, we are answerable to our members so try very hard to be responsive to their comments about the types of products that they want.”

All Chelsea Building Society mortgage products have an offset equivalent, priced at 0.20 per cent above the standard mortgage product.


David Finlay

Industry must spur borrowers to act

Much has already been reported about the Government’s Funding for Lending scheme which has magnified the focus on lending.

SRA probes conveyance firms over fraud risk

The Solicitors Regulation Authority is conducting a review of the current practices of conveyancing firms to reduce the risk of mortgage fraud. Following the review, which is due to run until the end of 2013, the regulator will update its draft supervision and enforcement strategy for conveyancing, a first draft of which was originally published […]

Sesame Bankhall launches online mortgage processing service

Sesame Bankhall Group has launched an online mortgage processing service for advisors in partnership with Melton Mowbray Building Society. The service processes mortgage applications on behalf of lenders and helps advisers place more complex cases with specialist lenders. The Sesame Bankhall Specialist Lending Services offers exclusive access to the major lenders occupying the near-prime to […]

Moneyfacts reports boost in high LTVs

Moneyfacts last week reported a boost in high LTV loans with 36 new mortgage deals in the 85% LTV tiers and above in August 2012, a complete reversal from the drop of 26 products in July. In a breakdown of individual tiers, there were 16 more products in the 85% LTV tier – 11 fixed […]

Why prevention is better than cure

Quoting the famous adage, prevention is better than cure; there are many proactive benefits that can improve wellness in the workplace, decrease stress, increase staff morale and reduce absenteeism, as well as attracting and retaining employees of a higher standard. With a recent study showing that employees in Britain are working below peak productivity, preventative benefits can ensure you address potential health issues or causes of stress at their source and ensure productivity in the workplace remains at an optimum level. With this in mind, how are you using preventative benefits to help keep your workforce happy and healthy?


News and expert analysis straight to your inbox

Sign up