New 2 and 3 year fixed rate mortgages are launched by Chelsea
A new range of 2 and 3 year fixed rate mortgages have been launched by the Chelsea Building Society, the lender has also cut the rates on its tracker mortgage products.
Rates begin at 2.79 per cent for a 2 year fixed rate mortgage at 70 per cent LTV with fees of £1,895 and 4.49 per cent for a 2 year fixed rate mortgage at 90 per cent LTV with fees of £1,495. A 2 year offset fixed rate mortgage has also been launched at 2.99 per cent for 70 per cent LTV with fees of £1,495.
Jemma Smith, product manager at Chelsea, said of the new 2 and 3 year fixed rate mortgages: “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.
“Rate reductions also have been made to Chelsea’s range of lower fee option products. With these changes we really do believe that we have something to offer everyone.”
Chelsea Building Society revamped its 2 and 3 year fixed rate mortgages in order to make its reduced rate products more attractive to borrowers in 2012.
