2 Year Fixed Rate Mortgage (75% LTV)
For those who prefer certainty, with protection against fluctuating interest rates. Your interest payments are fixed for 2 years. After that you pay our standard variable rate.
Product details
| Available for: | House purchase and remortgage. |
|---|---|
| Interest rate: | 3.39% fixed until 31 October 2012, then 5.79% (our SVR) for the remainder of the mortgage term. |
| The overall cost for comparison: | 5.5% APR |
| Arrangement fee: | £495 (added to your loan unless you tell us otherwise). |
| Legal fees: | No legal fees for standard remortgage work |
| Minimum loan amount: | £25,000 |
| Maximum loan to value ratio: | 75% |
| Higher lending charge: | None |
| Valuation fee: | None |
| Early repayment charge: | 3% of the amount repaid until 31 October 2012. |
Legal fees
You pay no legal fees for standard legal work, provided:
- You are moving your mortgage but NOT your home, and
- Your home is in England, Scotland or Wales, and
- Chelsea solicitors are used to carry out only the standard work required to transfer your mortgage.
However, some administration fees may be your responsibility.
In all other cases, for example if you are moving home, you don't currently have a mortgage on your home, your property is located in Northern Ireland or your legal requirements exceed the standard work of just moving your mortgage, you will have to pay your own legal costs.
If the transfer of your mortgage does not proceed, you will be liable for any costs incurred.
Important information
- The product details for this mortgages should be read in conjunction with Chelsea's booklet Getting the home you want.
- The fixed rate may be withdrawn if you are more than three months late in paying any money due under the terms of the mortgage.
- If we agree to you letting the property, the fixed rate will be withdrawn and we will charge interest at our standard variable rate plus an additional 0.25%.
- This mortgage is not available to existing Chelsea borrowers.
- The maximum loan may be restricted by product specifications or lending policy.
- Applicants must be aged 18 years or over.
Contact us
Your home may be repossessed if you do not keep up repayments on your mortgage.
Chelsea Building Society and the Chelsea are trading names of Yorkshire Building Society. Principal office: Yorkshire House, Yorkshire Drive, Bradford BD5 8LJ. Yorkshire Building Society is a member of the Building Societies Association and is authorised and regulated by the Financial Services Authority. It is entered in the FSA register and our FSA registration number is 106085.
This site is intended for UK Residents unless otherwise stated. All communications with us may be monitored/recorded to improve the quality of our service and for your protection and security.
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Get in touch with us:
- Call us:
http://www.thechelsea.co.uk/contact/index.html - Find a branch:
http://www.thechelsea.co.uk/contact/branch_finder.html - Manage your accounts online:
http://www.thechelsea.co.uk/security/online_help.html