In addition it has reviewed its fixed and tracker mortgages.
The two-year fixed rate has a 4.79 per cent fixed rate until 30 September 2008 available for both purchase and remortgage. “Our new fixed rate is one of the best deals around,“ said Tom Gurrie, head of intermediary sales. “In addition to launching a new product we have also reviewed our existing range. By continually reviewing our mortgages we ensure that our customers aren’t just getting an eye catching rate, they are getting a great overall deal on the mortgages we offer."
The buy-to-let two-year fixed rate at 4.99 per cent has a £2,450 flat arrangement fee, with the product being available for both purchase and remortgage. Chelsea has amended the policy for the rental cover and has reduced the standard rental coverage to 115 per cent from 120 per cent of the interest only payment based on the initial pay rate.
