Chelsea ups subprime mortgage rates
Monday, 07 Apr 2008 13:43
Chelsea Building Society is increasing interest rates on its non-conforming Prospect range.
From tomorrow the interest rate on all Prospect range products will rise 0.3 per cent and the maximum loan-to-value (LTV) will be cut to 65 per cent.
The building society's Adverse Plus mortgage products will also be withdrawn.
Chelsea is also extending the fixed-rate and early repayment end dates to June 1st on the Prospect rage.