Chelsea re-prices its fixed rates

Details of the new fixed rate products are as follows:

Interest Rate

Maximum Loan to Value

Arrangement Fee

Administration Fee Min/Max Loan

Early Repayment Charge

4.99% fixed until 31.05.07 then the Society’s standard variable rate currently 6.74%

The overall cost for comparison is 6.8%

APR 95% £395 £245 £25,000/

£500,000 3% until 31.05.07

5.09% fixed until 31.05.08 then the Society’s standard variable rate currently 6.74%

The overall cost for comparison is 6.7%

APR 95% £395 £245 £25,000/

£1,000,000 3% until 31.05.08

Details of the withdrawn products are shown in the Editor’s Notes section.

Customers wishing to find out more about Chelsea mortgages can contact their local branch, call FREE on 0800 291291 or visit www.thechelsea.co.uk. Calls to the Society may be recorded and/or monitored for security, training and customer service purposes.

Intermediaries wishing to find out more about current products can call the Intermediary Helpline on 08702 404808 or visit the Intermediary website at www.chelseaintermediary.co.uk