Chelsea streamlines product range

Amanda Jarvis

March 6, 2006

The lender has undertaken a full review of its mortgage range, resulting in a more focused range of products, which are available from 3 March.

Notable changes include: –

– Launch of five-year tracker flexible mortgage
– Prime and non-conforming fixed rates reduced
– Introduction of non-conforming self-certification mortgage
– Launch of buy-to-let lifetime tracker

Andy Paddock, mortgage product development manager at Chelsea, said: “Across the market there are so many mortgages available it can often be bewildering to customers. We‘ve developed a simplified range consisting of fixed rates, cashbacks and tracker mortgages, which we believe are customer friendly and make choosing a mortgage easier.

“Our focused range, coupled with our lending criteria creates an attractive offering. We believe this really is a case of less is more.”

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