The Chelsea cuts rates across its mortgage range

Chelsea Building Society is making its mortgages even more competitive with rate reductions across its product range from Thursday, 20 September.

Selected fixed rate and tracker mortgages at 70% and 90% LTV (loan to value) will be reduced, including a two year fixed rate mortgage at 70% LTV, which will be available at  2.74%. For those with smaller deposits, a two year fixed rate mortgage at 90% LTV  will be available at a competitive 4.24%.

For customers wishing to take out a tracker mortgage, these will be available from 2.69%.

The Chelsea is introducing new £500 cashback products to help purchasing and remortgaging customers with the costs associated with moving home.

"We've cut rates across the range to make our products even more competitive," said Chelsea Building Society Product Manager Sunjeev Sahota

"We're also launching new cashback products, which are ideal for borrowers looking to reduce their upfront costs.

"The cashback changes have been introduced following customer feedback - as a building society, we are answerable to our members so try very hard to be responsive to their comments about the types of products that they want."

All Chelsea Building Society mortgage products have an offset equivalent, priced at 0.20% above the standard mortgage product.