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The Chelsea Building Society

Originally known as the Camberwell and South London Building Society established in 1874, over time it merged with the Borough of Chelsea Building Society and other smaller Society's. It became registered as the Chelsea and South London Building society on New Years eve 1966. Assets at that time were over £30 million. In 1971 the name Chelsea Building Society was chosen and continues to operate with this name to the present day. In 2010 the Society merged with the Yorkshire Building Society but continues to use its brand name and is committed to remaining a mutual society with no external shareholders to pay.

By 2009 the Society's assets exceeded £14billion and there are now 35 branches offering savings and mortgage products across the UK. The Society operates a UK call centre from a base in Cheltenham that has been designed to be environmentally friendly.

There are range of mortgages available for both existing and new customers and you may be able to choose a product that offers assistance with initial fees and set up charges. New customers and first time buyers can choose from a fixed or tracker mortgage with special deals available for between 2 and 5 years, the minimum deposit you will need to provide is 15% but if you are able to provide a bigger deposit you will benefit from a lower interest rate. With all mortgage products you may have to pay an early repayment charge if you pay off all or part of your mortgage loan during the offer period. Check with your advisor about the individual product conditions.

Chelsea Building Society Mortgage Products

First Time Buyer mortgages: You can choose from the Society's range of mortgage products that offer a special deal for an agreed period of between 2 and 5 years. Both fixed and variable rate mortgages are available.

Tracker Mortgages: You can choose one of these products if you are a first time buyer, changing your mortgage lender or moving home. The mortgage loan will track the Bank of England Base Rate at an agreed percentage for the duration of the offer period. You will then switch to the Society's Standard Variable Rate.

Fixed rate mortgages: With these products you will know exactly how much your monthly payments are for the agreed period of time. At the end of the offer period you will pay the Society's Standard Variable Rate.

If you are interested in a mortgage quotation including those offered by Chelsea Building Society please complete our quick enquiry form.