Chelsea Building Society has been helping customers in the UK for over 125 years and is still a mutual organisation (owned by its members rather than shareholders). Chelsea has assets of over £13 billion and is the UK's fifth largest building society.
Its 34 branches are all in the south of England, but it offers mortgages across the whole of the UK. Types of Chelsea mortgage include:
- Fixed Rate and Tracker mortgages
- Cashback mortgages (up to 6% cash back)
- Adverse Credit mortgages (incl. Buy To Let)
To get help and advice on Chelsea mortgages – and other UK lenders too, for comparison – you can speak to an adviser today.
Chelsea Mortgage Deals
Chelsea was one of the last lenders still to offer Loan-To-Value ratios of 95% on its mortgages. It has now reduced this to 90% This includes, for example, a discounted rate of as low as 6.19% for 2 years – although there is a 2.5% arrangement fee to be added to the equation.
Cashback mortgages are a Chelsea speciality. Either 4% or 6% cashback lump sum is available – the trade-off being 5-year fixed rates of either7.44% or 7.79%.
Overall, Chelsea's range includes 34 different residential mortgage deals and a further 18 buy-to-let mortgages. They have a wide range of different rates and conditions. To get help selecting the right deal, speak to an impartial adviser.
Chelsea Remortgages
All of Chelsea's mortgage packages are available as remortgages too. If you have 25% or more equity in your property, a 2-year fixed rate is available from as little as 5.89%.
Chelsea also offers a Self Certification remortgage at a discounted variable rate of 6.99% for the term of the mortgage. There is a 2% product fee, which could put off some higher value remortgagors.
Choosing a Chelsea Mortgage
With so many options available to you, we suggest that the best way to find out if Chelsea Building Society (or any other mortgage/lender for that matter) is right for you is to talk to an FSA-qualified mortgage adviser.
They can help you compare Chelsea Building Society mortgages with other lenders, and get the most competitive quote for your circumstances. It's the quickest way to search the whole market for your mortgage.
Use the secure, 1-minute enquiry form to get a free call back with mortgage advice and a quote, representative of the whole of market, with no strings attached.