View more on these topics

Chelsea BS shaves 5bps off two-year deal to stay at top of best-buy

Chelsea Building Society has shaved a further five basis points from its flagship two-year fixed rate mortgage in an effort to stay at the top of the best-buy tables.

The direct-only product is now available at 1.64 per cent for a £1,545 fee.

Before the cut, the product was available to 60 per cent loan-to-value, but the building society has now made it available up to 65 per cent LTV.

Following the two-year fixed period, the product reverts to Chelsea’s current standard variable rate, which is 5.79 per cent.

An offset version of the product is available for an additional 20 basis points at 1.84 per cent.

Chelsea Building Society product manager Brendan Gilligan says: “We have cut these rates to make our products even more competitive. We know that our members want good value for money, and the Chelsea has not disappointed with this latest deal.”



Linda Smith: Capital adequacy requirements could rocket over the next two years

Recent research has revealed that the majority of firms believe they are sufficiently capitalised to meet the FCA’s changing capital adequacy rules. NMG Consulting’s Financial Adviser Census shows that half of firms already hold £20,000 or more – which on the surface meets the regulators’ new requirement. However, bearing in mind the introduction of the […]


Mervyn King warns against ‘premature’ interest rate rises

Bank of England governor Lord Mervyn King says it would be “premature” to raise interest rates now, adding they are set to remain low for some time to come. Speaking at his final Treasury select committee hearing today, King said monetary policy should remain loose and defended the use of quantitative easing. King, who is […]

Paul Kennedy: Do you provide credit on your adviser fees?

With the advent of the adviser charging rules myriad fee agreements will have been formulated. Whether fees are paid direct by the client or indirectly through provider adviser fee facilitation, a matter that must be considered is whether the adviser firm is providing credit and the nature of any licence required. Under the Consumer Credit […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm