Chelsea has launched a two-year fixed rate, three-year fixed-rate, five-year fixed-rate and five-year fixed-rate plus Cashback mortgage and all the new products will be launched on January 2005. The existing 2-year, 3 year, 5 year fixed rate and 5 year fixed rate plus Cashback mortgages have been withdrawn.
Speaking about the new products Sean Scannell, Chelsea’s marketing communications controller said, “This radical reduction of our two-year fixed-rate mortgage will no doubt be copied by our lending industry peers but if it gives a boost to the housing market then this is no bad thing”.
