Tag: Chelsea Building Society

3.19% five-year fixed mortgage launched

3.19% five-year fixed mortgage launched

Chelsea Building Society has launched a five-year fixed-rate mortgage at 3.19 per cent. The deal is available on a maximum loan-to-value (LTV) of 70% with a fee of £1,495. The building society’s product manager Jemma Smith said the product “is the lowest five-year fixed-rate mortgage ever to come to the market which is great for [...]

February 3, 2012 | 0 Comments More
Yorkshire and Chelsea members vote in favour of merger

Yorkshire and Chelsea members vote in favour of merger

It emerged in December that Yorkshire Building Society and Chelsea Building Society were in advanced merger talks and the deal is moving a step closer after YBS members voted in favour of the merger. Around 87% of savers and 85% of borrowers voted in favour of the merger, which members of the Chelsea have already [...]

Yorkshire and Chelsea merger leads to job losses

Yorkshire and Chelsea merger leads to job losses

It emerged yesterday that Yorkshire Building Society and Chelsea Building Society were in advanced merger talks but today the Yorkshire has revealed that a tie-up would lead to a number of job losses and a £200 million write-down on Chelsea’s bad debts. “The merger will lead to a number of job losses,” the two societies [...]

Branch closures expected at Norwich & Peterborough Building Society

Branch closures expected at Norwich & Peterborough Building Society

Norwich & Peterborough (N&P), which is Britain’s tenth largest society, is to close 10 of its branches, putting more than 50 jobs at risk. The branch closures represent one fifth of its 54-strong network and the news comes just a day after it emerged that Chelsea and Yorkshire Building Societies were in merger talks. N&P [...]

Chelsea improves its ISAs

Chelsea improves its ISAs

Chelsea Building Society has launched new ‘improved’ versions of its individual savings accounts (ISAs). Chelsea’s Postal 30 Cash ISA now has an annual interest rate of 3% for account balances over £6,000, and 2.6% for lower balances. The Chelsea Cash ISA (2nd Issue) pays interest at 2% for balances over £6,000, and 1.6% for lower [...]

L&G launches 4.29% fixed-rate mortgage deal

L&G launches 4.29% fixed-rate mortgage deal

Legal & General (L&G) has launched a new five-year fixed-rate mortgage in co-operation with Chelsea Building Society. The 4.29% mortgage has a maximum loan to value (LTV) of 65%, and a maximum loan size of £500,000. Arrangement fee is £995, and no legal or valuation fees are included. It is only available through mortgage advisers [...]

Chelsea Building Society offers 10-year mortgage

Chelsea Building Society offers 10-year mortgage

Chelsea Building Society has launched a new ten-year fixed-rate mortgage which it claims will give customers ‘peace of mind’. Interest on the mortgage is guaranteed to be held at 4.59% or below until April 2019. After ten years, interest on the mortgage will revert to Chelsea’s standard variable rate, currently 5.79%. Arrangement fee on the [...]