Chelsea BS pull popular ten-year fixed rate mortgage
Friday, 30 September 2011 02:45
The Chelsea Building Society has pulled its popular 10-year fixed rate mortgage deal after four weeks.
The Chelsea BS said that the product has been withdrawn after “it reached its full commitment.” A spokeswoman from the Chelsea said: “We intended to have it on sale for four weeks, which it was, and it met our expectations in that time.”
The product charged a rate of 3.99 per cent for a ten-year fixed deal, a rate that proved attractive to homeowners who are looking for long-term security and the knowledge of the repayments they will need to make on their mortgage.
Chelsea Building Society is owned by the Yorkshire Building Society, who still have a competitive ten-year fixed-rate mortgage deal available at 4.19 per cent for customers who have at least 25 per cent equity in their property.
Chelsea BS still have their popular 5,6,7 fixed-rate mortgage range that allows the borrower to choose the term that suits them.
The spokeswoman from the Chelsea BS said: “We keep all our products under constant review and will be making some changes to the Chelsea range very shortly (to be confirmed but probably next week) to offer borrowers even greater choice.”
Use the Myfinances.co.uk comparison tables to find the best deal on a new mortgage.
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