Chelsea Building Society – Offset Two-Year Fixed Rate Mortgage – Direct

Type: Fixed-rate mortgage

Fixed term: Until March 31, 2014

Fixed rate: 3.64%

Minimum loan: £75,000

Maximum loan: Up to 85% of valuation subject to a maximum of £1m

Income multiples: Based on affordability

Flexible features: Unlimited overpayments, underpayments, payment holidays, interest calculated daily, offset facility

Arrangement fee: £1,700 plus £195 admin fee

Redemption fee: 3% of the original loan on full redemption only in the first two years

Introducer’s fee: None