Chelsea’s change to range

Chelsea, the UK’s 6th largest Building Society is announcing an increase to its Standard Variable Rate from 6.74%, (typical APR 7.0% variable) to 6.99%, (typical APR 7.0% variable).

This is in response to the recent increase in the Bank of England Base Rate on 9 November 2006. This change takes effect on 1 December 2006.

Other changes have been made to fixed rates within the standard mortgage range and their corresponding end dates together with arrangement fees for new and existing borrowers.