Existing borrowers
Chelsea's promise to existing borrowers
Keep your mortgage with Chelsea, and here's what you get:
- No solicitors - no solicitors are needed, so you pay no legal fees
- No valuation - we don't need to revalue your house, so you pay no valuation fees
- No new direct debits - with no change of lender, there's no need to set up a new direct debit
- No hassle - as you are not moving to another lender, the whole switchover is simple and straightforward
Staying with Chelsea could give you a saving of £571 See how it all adds up
Changing from Chelsea to a new lender (based on Chelsea's fees for new borrowers)
£100,000 at 6.19% fixed for 2 years – taken out for a 20 year term
£277.75 valuation fee – could be higher as it can depend on the property value
£995 arrangement fee
£250 legal fees – could be higher dependant on the complexity of moving the mortgage
Over 2 years, the total amount payable would be £19,708.75**
On Chelsea’s equivalent existing borrower mortgage
£100,000 at 6.39% fixed for 2 years – taken out for a 20 year term
£395 arrangement fee
No valuation fee
No legal fees
Over 2 years, the total amount payable would be £19,137.75**
**Assumes all fees are paid up front. Any fees added to the loan will incur interest and therefore increase monthly payments
The above calculations are for illustrative purposes only. Please contact us to get a full personalised illustration.
