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

Type: Fixed-rate mortgage

Fixed term: Until March 31, 2014

Fixed rate: 3.44%

Minimum loan: £75,000

Maximum loan: Up to 85% 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: £1,700 completion fee plus £195 booking fee

Redemption fee: 3% of the amount repaid in the first two years

Introducer’s fee: None