Lowest ever five year fixed rate mortgage from the Chelsea

Chelsea Building Society is continuing in its aim to offer borrowers the most competitive mortgage deals with the lowest ever five year fixed rate deal.

Borrowers wanting a mortgage of up to 70% LTV (loan to value) can benefit from a rate of 3.19%, or 3.39% for the offset option. Both mortgages have a fee of £1,495.

"This is the lowest five year fixed rate mortgage ever to come to the market, which is great for customers wanting longer term security in fixing what is likely to be their biggest monthly outgoing," said Chelsea Building Society Product Manager Jemma Smith.

"We've also reduced rates on some of our shorter term fixed rate mortgage deals ensuring that whatever the LTV or term required, we have a competitive deal to suit customers' individual needs.

"We raised our profile in the mortgage market in 2011 with a range of popular and innovative products and want to build on that success in 2012, encouraging even more borrowers to consider the Chelsea, whatever type of mortgage they are looking for."

Chelsea Building Society is also reducing two year fixed rates available up to 85% LTV:

3.44%, or 3.64% offset, each with an £1,895 fee;
3.59%, or 3.79%, each with a £395 fee.