The Chelsea Building Society has revealed it has lost £41m from buy-to-let mortgage fraud. This contributed to a £26m loss for the first 6 months of 2009 which follows a record £39m loss in 2008.
The fraud involved mortgage brokers and surveyors colluding to inflate the value of buy-to-let properties between 2006-2008. The Society has since stopped making buy-to-let, sub-prime, self-certificated and commercial loans. - 20 Aug 2009
Society   |
Product |
AER |
Notice | Min Invest |
Max Invest |
Int Paid | Branch | Post | Phone | Online | |||
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Family Regular Savings | 6.00% | Instant | £1 | £250 | Annually |  |
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Gold Savings Account | 6.00% | 1 year | £20 | £250 | Annually | |
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5 Year E-bond | 5.00% | 5 years | £50,000 | £3,000,000 | Annually | |
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5 Year E-bond | 4.96% | 5 years | £50,000 | £3,000,000 | Monthly | |
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5 Year E-bond | 4.90% | 5 years | £25,000 | £49,999 | Annually | |
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5 Year E-bond | 4.85% | 5 years | £25,000 | £49,999 | Monthly | |
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| Society |
Product |
Rate |
SVR |
Deal | LTV |
Interest | Repay | Arrange | Booking | ERC | |||
| |
 |
2 Year Fixed | 2.89% | 5.19% | 2 years | 75% | £241 | £469 | £1495 | £0 | 2 years | ||
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Discounted | 2.99% | 4.99% | 2 years | 70% | £249 | £474 | £449 | £0 | 2 years | |||
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Discounted | 3.39% | 4.99% | 2 years | 80% | £283 | £495 | £449 | £0 | 2 years | |||
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2 Year Fixed | 3.40% | 5.49% | 31/07/2011 | 75% | £283 | £495 | £800 | £199 | 2 years | |||
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Discounted | 3.54% | 5.44% | 1 year | 80% | £295 | £503 | £499 | £0 | 3 years | |||
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Discounted | 3.55% | 4.95% | 2 years | 75% | £296 | £503 | £699 | £0 | None | |||
