Chelsea lower mortgage rates even further

Chelsea Building Society has announced that it is adding further reductions to its mortgage rates making it one of the best options on the high street for those who are looking to purchase a mortgage.

As part of the new range of highly competitive mortgage products, their five-year fixed rate mortgage has been reduced to 3.89% up to 60 per cent loan to value and their two-year fixed rate mortgage now sits at 2.89% available up to 60 per cent loan to value. And adding even more benefits to the consumer, attractive options have also been introduced on trackers, 80 per cent loan to value and longer term loans."

Chelsea Building Society's Group Direct Mortgage Manager Chris Smith said: "Here at the Chelsea we are striving towards offering a great range of mortgage products and we believe these reductions in mortgage rates along side the introduction of competitive product options means we have products to suit everyone's needs.

"Not every situation is the same, we understand that.  Some of our customers want to fix, so they know what their monthly outgoings will be - some want to do this for the long-term to achieve a sense of certainty on future payments.  On the other hand though, we have those who wish to take advantage of the variable rates - and this new range ensures that they can access what is most suitable to their needs.

All of the 60% and 80% LTV products are available for applications of up to £1,000,000 and Chelsea are happy to consider loans up to 60% LTV that are above £1,000,000, on an individual basis prior to application.