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.”
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