Chelsea makes strong start to 2012 mortgage season

Chelsea Building Society has kicked off 2012 with the launch of a new product range continuing its 2011 theme of offering competitive and innovative mortgage products.

The new best buy products include a reduction to two, three and five year fixed rate mortgages, as well as a reduction to the Chelsea's tracker options.

Commenting on the new range, Chelsea Building Society Product Manager Jemma Smith said: "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.

"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, something which we feel is a welcome relief in January.

"The new products include a 2 year fixed rate at 2.79% with £1,895 fee available up to 70% LTV, a 2 year offset fixed rate at 2.99% with £1,895 fee available up to 70% LTV and a 2 year fixed rate at 4.49% with £1,495 fee available up to 90% LTV.

"Rate reductions also have been made to Chelsea's range of lower fee option products, such as a 2 year fixed rate at 2.94% with a £395 fee available up to 70% LTV.  With these changes we really do believe that we have something to offer everyone."

For more information, visit thechelsea.co.uk.