The Chelsea is maintaining its reputation for helping first time buyers take their first steps onto the property ladder with the new best buy mortgage at 90% LTV.
The 3.54% two year fixed rate mortgage has a fee of £1,545. There is an offset equivalent available at 3.74%.
The Chelsea also offers competitive rates at 85% LTV, with a two year fixed rate mortgage at 2.94% and a five year fixed rate mortgage at 3.84%. Each has a £1,545 fee.
Chelsea Building Society product manager Sadie Costello said:
"We're committed to offering competitive products to borrowers across different LTVs, including home buyers with smaller deposits and homeowners with a smaller share of equity in their properties."
"For this type of borrower, the short term fix at a market-leading rate gives them the security of knowing what their monthly repayments will be for the next two years to help them better plan their finances for the future."
