Your home may be repossessed if you do not keep up repayments on your mortgage.
Fixed Rate Mortgages
If you don't like surprises and prefer to know your interest rate is going to remain stable, a Fixed Rate mortgage could be the right choice for you.
Choosing a Fixed Rate mortgage allows you to plan your finances, safe in the knowledge that your mortgage interest rate will not be affected by interest rate fluctuations during the period in which the fixed rate applies.
With a Fixed Rate mortgage, you have a fixed rate of interest for an agreed period, meaning you know exactly how much your interest rate will be during that period. At the end of the fixed rate period you pay Chelsea Building Society's Standard Variable Rate for the remaining term of your mortgage, currently 5.45%.
Important Info
- Chelsea Building Society’s Standard Variable Rate was reduced to 5.45% from 5.65% on 30 November 2014.
- Chelsea Building Society's Standard Variable Rate is set independently of Yorkshire Building Society's Standard Variable Rate. This is because Chelsea Building Society is operated under its own brand and with its own products and services. As a result, Chelsea Building Society's Standard Variable Rate may be different from Yorkshire Building Society's Standard Variable Rate at any time and can vary upwards or downwards from time to time.
- If your interest rate is fixed it could be higher or lower than variable interest rates in the market depending on interest rate fluctuations.
- There may also be early repayment charges payable, depending on the product taken, if you want to repay or transfer from a fixed rate mortgage before the end of the fixed rate period.
Why Chelsea?
Choosing the right mortgage provider can be difficult.
Find out why the Chelsea make it easy.
Chelsea Building Society and the Chelsea are trading names of Yorkshire Building Society. Yorkshire Building Society is a member of the Building Societies Association and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Yorkshire Building Society is entered in theFinancial Services Register and its registration number is 106085. Principal Office: Yorkshire House, Yorkshire Drive, Bradford BD5 8LJ.
References to 'YBS Group' or 'Yorkshire Group' refer to Yorkshire Building Society, the trading names under which it operates (Barnsley Building Society, the Barnsley, Chelsea Building Society, the Chelsea, Norwich & Peterborough Building Society, N&P and Egg) and its subsidiary companies.
Buy to Let mortgages are not regulated by the Financial Conduct Authority
This site is intended for UK Residents unless otherwise stated. All communications with us may be monitored/recorded to improve the quality of our service and for your protection and security.
*Calls to 0800 numbers are free of charge from a landline or mobile. Calls to 03 numbers are charged at the same standard network rate as 01 or 02 landline numbers, even when calling from a mobile.
Get in touch with us:
- Call us:
http://www.thechelsea.co.uk/contact/index.html - Find a branch:
http://www.thechelsea.co.uk/contact/branch_finder.html - Manage your accounts online:
http://www.thechelsea.co.uk/security/online_help.html
