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Chelsea enters buy-to-let for students

Chelsea Building Society is targeting landlords looking to let to students with the launch of a new buy-to-let mortgage.

The product has the same charges as the Society&#39s existing buy-to-let product, equally its SVR plus 0.25 per cent, currently 5.94 per cent.

It benefits from a 0.75 per cent discount for the first 12 months, hence an initial rate of 5.19 per cent.

An early repayment charge of 2 per cent of the amount repaid applies for the first five years, but 20 per cent of the capital may be repaid each year before incurring additional charges.

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