Chelsea Building Society mortgage 'offers security'

Date:Thursday 14th October 2010
Author: Max Freedman

Consumers looking for peace of mind should consider a Chelsea Building Society mortgage, according to a source from the firm.

Tom Girling, mortgage product manager, made his remarks in relation to a three-year fixed-rate deal from the organisation, which is available at up to 75 per cent loan to value, with interest at 3.49 per cent.

He pointed out that there is some anticipation in the industry that the base rate may soon be raised, which has led many people to consider a fixed-rate arrangement.

The Chelsea Building Society mortgage representative stated that 80 per cent of applications the company receives are for such home finance deals.

"At a time when some indications show volatility in the housing market, we're offering the security of a fixed rate," added Mr Girling.

This week, Woolwich customers were advised that they can all benefit from the firm's Switch & Fix service, allowing them to stay on tracker deals for longer and not have to pay early repayment fees if they want to change on to a fixed-rate product.