From Friday 29th March Chelsea is reducing rates by up to 0.30%.
The new range will feature a competitive five year fixed rate at 2.84% at 75% loan to value, with a £1,545 fee, and a two year fixed rate at 3.29% up to 85% LTV with a £1,545 fee.
Chelsea has a range of mortgages available exclusively for first time buyers, which are also being cut. For example, a 90% LTV two-year fixed rate is available at 4.29%, with a £345 fee. Also, the 75% LTV two-year fixed rate will be cut to 2.69%, with a £1,345 fee.
To help first time buyers with the upfront cost of buying their first home all of Chelsea’s first time buyer exclusive products come with cashback of 1% of the value of the loan.
Chelsea Building Society product manager Sunjeev Sahota commented:
“We are listening to our customers and continually assessing our product range to offer competitive deals for those with both a small or large deposit.”
“The new deals we are introducing will give borrowers across the full spectrum of LTVs more choice when looking for the best deal for them.”