Chelsea Building Society launch new low fixed rate mortgages

Tuesday, 17 May 2011 09:40

Chelsea Building Society has released details of two new fixed rate mortgage deals.

The two five-year fixed rate deals are released today (May 17th) and follow the merger with Yorkshire Building Society in April 2010.

The first of the two releases offers a mortgage rate of 3.99 per cent and comes with a fee of £1,995 and the second has an interest rate of 4.39 per cent and a fee of £595. Both products are available to borrowers with a loan-to-value ratio of 75 per cent.

Chelsea Building Society's Group Direct Mortgage Manager Chris Smith said: “Demand for five year fixed deals has been rising, particularly among borrowers seeking a larger loan, so we're expecting high levels of interest.

"We will have two of the best five year fixed rate deals in the market; typically, the reduction in monthly repayments borrowers can achieve with the 3.99% product makes that the more cost effective option for loans of £104,500 or more.”

Use the comparison tools to find the best deal on a new mortgage.

Comments Bubble Comments

blog comments powered by Disqus

Twitter: My Finances

Join the conversation at #news_myfinances

Newsletter sign up


In addition to the weekly newsletter, which areas of finance would you like to hear from us about:

Tick this box if you would like us to send you promotions from carefully selected third parties.

By signing-up you agree to the terms of use and privacy policy.

sign-up button

Get the latest information on: