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Chelsea launches new mortgage

Chelsea has launched a new 5-year fixed rate mortgage.

The mortgage which is available for loans of between £25,000 and £1m, is fixed at 5.19 per cent until March 2008 and has a typical APR of 5.7 per cent variable.

Direct customers who are moving their mortgage, but not their home, pay no legal fees, while customers that are moving home will receive £200 towards their fees.

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