New discount rate from The Chelsea

The Chelsea have today announced the introduction of a new two year discount rate which is available for both house purchases and those who wish to remortgage to the Chelsea from another lender.

The scheme features a discount of 0.75% of the Chelsea Building Society standard variable rate giving a current pay rate of 6.24%. The scheme has an arrangement fee of £995, and is available for loans of up to 90% of the value of the property. Early repayment penalties are payable for redemption during the discount period, but not after, and the scheme features a free valuation for both remortgages and purchases except for borrowers in Scotland who will receive a £300 cash back in lieu.

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