If you choose to save or take a mortgage with Chelsea Mortgage, you are benefiting from over 125 years of experience. You will also have the comfort of knowing that you are dealing with the country's sixth largest building society that has assets in excess of £9.7 billion.
Chelsea's mortgage service will help you find a mortgage you're totally comfortable with. Chelsea Mortgage lenders will then do everything they can to make your mortgage happen fast, with personal service to keep you informed on what's happening and when.
As there will never be one mortgage that suits everyone's needs, Chelsea Mortgage services have developed a range of mortgages designed with you in mind.
Chelsea Mortgages will lend to anyone who is at least 18 years old (on most mortgages). We will not discriminate against you because of your colour, race, ethnic or national origin, your sex or if you are disabled. However you will need to have the right to reside and work in the UK for at least the duration of the Chelsea Mortgage, be employed by a UK based business, be paid in £ sterling, pay UK tax and be purchasing a property in the UK.
Up to 4 people can be joined in an application although Chelsea Mortgage lenders will only take into account the income from 3 applicants. At least one applicant needs to be working (either employed or self-employed) or in receipt of a guaranteed income such as a pension.
You will need to be able to prove your income and your application will be subject to a credit check.
The usual term is 25 years but your loan can be from 5 to 40 years but should end on or before your normal retirement age. In exceptional circumstances we may agree to extend the term up to your 75th birthday if you are in receipt of income which we regard as guaranteed and which we consider to be sufficient to service the loan. Loans past normal retirement age (where available) are restricted to not more than 75% of the purchase price or value (whichever is the lower) of the property.
For more information or to open an Chelsea Mortgage account, Click here
