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Chelsea launches new fixed and discounted loans

Chelsea Building Society has today launched new fixed and discounted rate mortgages which has an introductory rate of 4.69 per cent fixed until June 1, 2004.

Other features of the product include an arrangement fee of £295 and an early repayment charge of 3 per cent against all capital repaid before the fixed period expires. The minimum loan is £25,000 and the maximum is £250,000.

There is also a three year fixed rate of 4.99 per cent and a three year discount of 1.5 per cent off Chelsea&#39s SVR, which currently stands at 5.69 per cent.

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