Chelsea Building Society's non-conforming mortgage range is to have certain high-risk products removed, it was announced today.
The building society also revealed it will increase interest rates and reduce maximum loan amounts on other non-conforming products. The Prospect range will see interest rates on all products rise by 0.3%, while maximum LTV will be reduced to 65%. Meanwhile, all Adverse Plus products will be withdrawn. The new Prospect range will be launched at 9am tomorrow, while fixed rate and ERC end dates will be extended to 1 June on all Prospect range products. If you would like to comment on this story, contact: John Bakie Tel: 020 7484 9805 e-mail: [email protected] IFAonline
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