Chelsea offset mortgage proves popular.
Chelsea Building Society introduced offset mortgage deals to its range around 5 months ago. Since this time the lender has seen strong demand with its offset products proving highly popular.
According to the lender 2 out of every 5 Chelsea customers are now choosing an offset mortgage deal. These products are most popular with those customers who have a lump sum and those who have begun saving on a regularly basis who appreciate the flexibility that an offset can give.
According to the lender's product manager Jemma Smith, the Chelsea Building Society is the only mortgage provider to offer offset alternatives across its entire mortgage range. She went on to add that rates are just priced slightly higher than its non-offset mortgages at an extra 0.2 per cent.
The Chelsea Building Society claim to be the only mortgage provider to offer an offset version of the innovative track and fix mortgage, which offers borrowers the option to tracker now and switch to a fixed rate at a future date.
The Chelsea has also announced that it is cutting various rates across its entire mortgage range including its offset products.
On its 90 per cent LTV deals, 2 and 3 year fixed rate offset mortgages will now be offered at 4.44 and 4.59 per cent, fees have also been reduced on these products.
Particularly attractive to first time buyers is the lender's Offset Plus mortgage, which as well as being linked to a borrower's own savings can also be linked to the savings of family members or friends.
For the best offset mortgage rates contact Deal Direct and we will compare all UK lenders products on offer to find you the most competitive rate available.
