Chelsea enters the 90% LTV mortgage market

Chelsea Building Society has announced it is entering the 90% mortgage market with the launch of competitive two and five year mortgage products.

Available throughout our branch network, customers will be able to take advantage of excellent new products including a 4.39% two year fixed and 5.29% five year fixed rate mortgage.

Commenting on the new product, Chelsea's Group Product Manager Chris Smith said; "In the last few months we have spent time and energy developing the Chelsea product range offering competitive and attractive mortgage packages.

"To build on that we hope that the introduction of these 90% LTV products will offer more choice to our customers, particularly those who have a limited deposit to put down."

The launch into the 90% mortgage market is not the only good news for consumer, as Chelsea has also announced that it will be cutting rates on a selected number of current mortgage products.

Chris said: "Given recent activity within swap rates we have been able to further reduce a number of our mortgage rates, making them even more competitive for consumers. We are offering a 3.79% five year fixed rate mortgage up to 60% LTV and a 2.79% two-year fixed rate mortgage up to 60% LTV - providing excellent value for those who wish to take advantage of the low rates."