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Chelsea launches 2.54% two-year fix up to 75% LTV

Chelsea Building Society has cut its 2.64 per cent two-year fixed available up to 75 per cent loan-to-value to 2.54 per cent.

The building society is also cutting its fees by £150 across all products in his range, with fees now ranging from £245 and £1,545.

The 75 per cent LTV deal has a fee of £745 and comes with £500 cashback for home buyers, or free valuation and assistance with legal fees for remortgage borrowers.

Chelsea product manager Sunjeev Sahota says: “This 75 per cent product is ideal for first time buyers with a larger deposit, or second steppers or homeowners wanting to remortgage who have at least 25 per cent equity in their property.

“By reducing product fees across our product range we are responding to customers, many of whom are seeking to minimise their upfront costs when completing their Chelsea mortgage.”


Lloyds Banking Group Cancara 480

Lloyds’ SJP sale raises £520m

Lloyds Banking Group has raised £520m from institutional investors through the sale of 20 per cent of St James’s Place. In a stockmarket announcement on Tuesday, LBG said 101,703,070 shares have been placed at £5.10 per share. The sale is expected to complete by the end of the week. Lloyds will continue to hold a […]

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Aviva scraps workplace savings plans

Aviva has scrapped plans to add new workplace savings options to its employee benefits platform Work:Life. Work:Life launched in September, offering online access to Aviva’s group personal pension product and auto enrolment hub. At the time the provider said it planned to add a group Sipp, corporate Isa, general investment account, child Sipp and junior […]

SFO launches Harlequin investigation

The Serious Fraud Office has begun an investigation into unregulated overseas property firm Harlequin Property. The SFO and Essex Police are looking into complaints relating to the Harlequin group, which marketed and built luxury off-plan property developments. Investors have been asked to complete an online questionnaire if they invested in the following resorts: Buccament Bay […]

CBI calls for Govt to ‘supercharge’ housing schemes and launch ‘deposit Isa’

The Confederation of British Industry is calling on the Government to “supercharge” its housing schemes and introduce a dedicated Isa for housing deposits in the Budget. In its Budget submission, published on Monday, the CBI calls for NewBuy to be extended beyond new homes to help second steppers and those in negative equity. In a […]

Tax-free gains? That can’t be right, can it?

When he was Chancellor of the Exchequer, George Osborne made several changes to the way in which income is taxed. Personal allowances were increased significantly above the rate of inflation; a starting rate band was introduced for savings income and, with effect from 6 April 2015, this was assessed at 0 per cent. In addition, […]


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