Chelsea amends fixed rates

All two-year fixed rates (standard, buy-to-let, self-cert, Prospect and fees assisted remortgage products) are to be increased by 0.40 per cent.

All standard three-year fixed rates (including Helping Hand and fees assisted remortgage) are to be increased by 0.10 per cent.

Three-year buy-to-let fixed rate will be increased by 0.15 per cent.

Standard five-year fixed rates (including fees assisted remortgage and excluding those linked with a cashback) are to be increased by 0.20 per cent

All fixed rate end dates and corresponding Early Repayment Charges remain unchanged.

The rates on Chelsea’s tracker mortgages have increased in line with the Base Rate change by 0.25 per cent.

With effect from the close of business on Friday 19 January, all existing fixed rates will be withdrawn. All new products will be available from Saturday 20 January.