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

Type: Fixed-rate offset mortgage

Fixed term: Until March 31, 2017

Fixed rate: 3.39%

Minimum loan: £25,001

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

Income multiples: Based on affordability

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

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

Redemption fee: 5% of original loan in the first three years on full redemption only, 4% in year four, 3% in year five plus £90 admin fee

Introducer’s fee: None