View more on these topics

Chelsea capped and fixed loans are penalty-free

Chelsea Building Society is offering a new range of fixed and capped-rate mortgages.

The fixed rates start with a 4.99 per cent mortgage fixed until 2003 up to 90 per cent LTV and a 5.49 per cent loan fixed until 2003 with no redemption penalty after the fixed period.

There is also a 5.79 per cent mortgage with 7.5 per cent fixed until 2003 with no arrangement fee or early redemption penalty after the fixed period.

The new capped loans include a 5.79 per cent rate capped until 2003 for loans up to 90 per cent LTV and no early redemption penalty after the capped rate period.

There is also a 6.19 per cent mortgage capped until 2004 for loans up to 90 per cent LTV and no redemption penalty after the capped rate period, and a 6.49 per cent capped until 2005 for loans up to 90 per cent LTV and no early redemption penalty after the capped rate period.

Minimum loan value on the range is £20,000.

Spokesman Darren Stevens says: “In launching these products, we are very optimistic about what they might achieve. The products are catch-free – there are no compulsory insurances and no requirement to pay mortgage indemnity guarantee premiums.”

Recommended

Fee for all?

An IFA&#39s business should be about selling advice not products, say fee-based advisers.A growing number of IFAs want the professionalism of their role recognised. The public expects to pay fees for work carried out by solicitors and accountants so why do should they balk at the pros pect of paying fees to IFAs?Many advisers believe […]

R&SA launches investment website

Royal & SunAlliance has launched a new website to bolster its direct investment business. The site www.royalsun.co.uk/money aims to provide guidance on investment decisions in a simple user-friendly format which R&SA claims will appeal to all. The site offers the choice of 17 Isas online each with individual risk ratings. The funds are also discounted […]

Sky high hopes for future of IFA market

At a time when the Treasury and FSA plan to undermine independent financial advice, one of the world&#39s media giants is pouring millions of pounds into an interactive TV channel geared towards IFAs&#39 needs.BSkyB is embarking on an extended period of consultation with IFAs, product provi ders, trade bodies and the regu lator to shape […]

ScotEq says share plan business will boom

Scottish Equitable believes that reforms in emp loyee share ownership schemes ann oun ced in last week&#39s pre-Budget statement will boost the high-net-worth individual investment market, providing IFAs with good business opportunities.The changes will see an increase in the number of employees of small businesses who are eligible to receive shares under the Government&#39s enterprise […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment