Chelsea Building Society – Five-Year Fixed Rate Mortgage – Direct

Type: Fixed-rate mortgage

Fixed term: Until March 31, 2017

Fixed rate: 3.19%

Minimum loan: £25,001

Maximum loan: Up to 70% of valuation subject to a maximum of £1m

Income multiples: Based on affordability

Conditions: Capital repayments of up to 10% a year allowed without penalty in the fixed-rate period

Arrangement fee: £1,300 completion fee plus £195 booking fee

Redemption fee: 5% of the amount repaid in the first three years, 4% in year four, 3% in year five plus £90 admin fee

Introducer’s fee: None