Chelsea Building Society launch new mortgage range for 2012

Tuesday, 10 January 2012 03:56

Chelsea Building Society aims to have something for everyone seeking a home loan thanks to the launch of a range of new products.

The financial services provider has revamped its two, three and five-year fixed-rate mortgages ir order to reduce the rates, as well as doing the same thing for its tracker options.

For example, customers can get a two-year, fixed-rate deal with an interest rate of 2.79 per cent at a loan-to-value ratio of 70 per cent, while the offset product has a rate of 2.99 per cent.

Those with only a ten per cent deposit can still benefit from a two-year deal at a rate of 4.49 per cent.

Chelsea Building Society's Jemma Smith said the cuts are down to swap rates and are sure to provide welcome relief for would-be home buyers.

"This is a really positive start to 2012 and is an example of our commitment to the mortgage market and how we want to proceed throughout the year," she added.

Chelsea Building Society merged with Yorkshire Building Society in April 2010, making the latter the second largest building society in the UK.


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