Chelsea BS tears up the fixed mortgage rulebook - Mortgages - News - Moneyfacts


Chelsea BS tears up the fixed mortgage rulebook

Chelsea BS tears up the fixed mortgage rulebook

Category: Mortgages

Updated: 26/08/2011
First Published: 26/08/2011

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Chelsea BS has rewritten the fixed rate mortgage rules by cutting up to 0.90% off its rates.

The overhaul means both of its 10-year fixed rate deals take over at the head of the market.

The lowest priced is now at 3.99% to 31 August 2021 with a £1,495 fee.

Meanwhile, for those wanting lower set-up costs, a rate of 4.19% is available for a fee of £195 and a £500 cash rebate.

Both deals require a 30% deposit, but four out of five Moneyfacts stars are richly deserved.

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