The Chelsea Building Society

Chelsea Building Society is the country's sixth largest building society, with more than 125 years of experience as a lender, having 34 branches and in excess of 90,000 clients who rely on it for their mortgages. The Chelsea and has assets in over £8.9 billion. In June 2004, Chelsea Building Society swept the board in the prestigious 2004 Financial Awards. It was voted BEST Mortgage Lender of the Year, Building Society Lender of the Year and Best Buy to Let Lender of the Year - Gold Award by independent Financial Advisors and Mortgage Advisors across all of the UK.

Chelsea has Norwich Union partnership consultants in the majority of branches. They offer counsel on life assurance, pensions and investments. Providing a quick and simple mortgage in a friendly and efficient manner is the target of Chelsea. It has the following types of mortgage:

• Fixed Rate
• Tracker
• Flexiplan Discount
• Assisted Discount
• Cash back
• Second Home

Fixed rate: Chelsea has fixed mortgages from 2 to 5 years. After the set period the mortgage will go back to the society's standard variable rate for the remaining mortgage duration.

• Early repayment fees apply if you repay the mortgage within the fixed rate period
• Fixed rate with cash back: terms as above but also gives you a one off cash back lump sum to spend as you see fit

Tracker: this type of mortgage tracks the Bank of England base rate. You can select a period of 2 or 3 years. After this period the mortgage will be set at the society's standard variable rate.

• An early repayment charge will apply if you repay the mortgage within the tracker period

FlexiPlan Discount: this mortgage lets you choose whether you want to make overpayments or underpayments on your mortgage, or even take a payment holiday. The rate is discounted for the first five years and then the society's standard variable rate is applied for the rest of the mortgage period.

Assisted Discount mortgage: you receive an agreed discount off the Chelsea standard variable rate for the first three years. The mortgage then goes back to the society's standard variable rate.

• An early repayment charge will apply if you repay the mortgage within the discounted period

Cash back mortgage: after making your first monthly payment, you get cash back. The rate set at the society's standard variable rate for the whole of the mortgage term.

• The cash back amount is calculated with respect to the amount you borrow

Second Home: this mortgage is designed particularly for people who want to buy a second home; you receive a percentage off the society's standard variable rate for the first three years. The rate is then set at the society's standard variable rate for the rest of the mortgage period.

• Chelsea's second home mortgage is not available for timeshares or for properties located outside the UK

Do you want to compare the Chelsea Building Society mortgage deals with those of other lenders? Simply complete one easy form and an independent adviser will call you back with a choice of best mortgage quotes from a wide variety of lenders. Click here to do this now