Chelsea Building Society has announced a revamp of its mortgage range, which involves new fixed mortgage rates, the simplification of mortgage offerings and the launch of new mortgage deals.
The mortgage lender has launched a new five-year mortgage deal that will track the Bank of England's base rate for the full term.
It has also introduced a buy-to-let mortgage that offers a lifetime tracker mortgage rate.
Self-certification customers trying to find a mortgage will also now have the option of a non-conforming mortgage deal aimed specifically at people who are unable to prove their income.
Fixed mortgage rates on prime and non-conforming mortgages have also been reduced as part of the mortgage lender's shake-up of deals.
The wide variety of mortgage deals available across the market could often be "bewildering" to those who are trying to find a mortgage, comments the mortgage product development manager at Chelsea, Andy Paddock.
He says the mortgage lender has developed a "simplified" mortgage range that consists of fixed-rate mortgage deals, cashbacks and tracker mortgages.
Mr Paddock says the mortgage lender believes these are "customer friendly" and make is easier to choose a mortgage.
"Our focused range, coupled with our lending criteria creates an attractive offering. We believe this really is a case of less is more," he concludes.
Mortgage lender revamps offerings
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Mortgage lender revamps offerings
Mon, 06 Mar 2006
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