Chelsea BS drops arrangement fees on 85% LTVs
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Chelsea Building Society has removed the arrangement fees from its range of 85 per cent loan-to-value mortgages.
The move is aimed at first-time buyers, who benefited from changes to stamp duty in the Chancellor’s budget last month, and includes fixed rates mortgages over two, three or five years and a two-year tracker mortgage.
Remortgage customers get a free basic valuation and free legal fees on selected products in the range.
Chelsea head of customer services Tim Taylor says: “For borrowers in today’s market, getting a deposit alone is tough. Hidden extras like fees and charges can hurt. We’re delighted that this range really does offer a genuine alternative to banks.”
Last month, the FSA confirmed the merger between Chelsea Building Society and Yorkshire Building Society, with the two mutuals merging on April 1 2010.
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