Chelsea Building Society mortgage takes away fees

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Chelsea Building Society mortgage takes away fees

Prospective homeowners looking for a mortgage of up to 85 per cent loan-to-value may be interested in taking a look at Chelsea Building Society's range of products, since the organisation has just removed the fees from such loans.

Head of customer services at the financial services provider Tim Taylor highlighted how it can be very difficult for people to gather together enough money to meet the price of a deposit, which is why Chelsea has decided to cut costs for applicants.

The building society explained that all four of its new Direct products will not have a product fee or valuation charge, while the three and five-year fixed rate and two-year tracker mortgages will also include free legals.

Mr Taylor added: "Hidden extras like fees and charges can hurt. We're delighted that this range really does offer a genuine alternative to banks."

Chelsea Building Society recently revealed that its merger with the Yorkshire Building Society has been completed.

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