New 60% fixed rate mortgage deals launched by the Chelsea

House buyers with larger deposits and existing home owners looking to remortgage can benefit from a new market-leading five-year fixed rate product at 2.94% from Chelsea Building Society.

The Chelsea is widening its range of competitive mortgages by offering four new fixed rate 60% LTV products.

They will become available from today (2 November) in branch, over the telephone and online.

The products are a competitive two-year fixed rate at 2.34%, with a £1,895 fee, and a five-year fixed rate at 2.94%, with £1,895 fee. Offset alternatives are available of each and are priced 0.20% higher than the non-offset equivalents.

Chelsea's website features a range of mortgage calculators for customers to estimate their repayments, including seeing how much they could save by offsetting their mortgage. They can be found at thechelsea.co.uk/mortgages/mortgage-calculators/

Sunjeev Sahota, Chelsea Building Society Product Manager, said: "These are very competitive rates for house buyers with larger deposits or for existing home owners who are remortgaging.

"We are always updating our range of products at the Chelsea and these new mortgages allow us to continue to offer competitive rates across all LTV levels, for customers with larger or smaller deposits, or those looking to remortgage."

For more information, visit thechelsea.co.uk.