Chelsea Building Society has entered the 90% LTV mortgage market with the launch of new two and five-year mortgage deals.

Products include a 4.39% two year fixed and 5.29% five year fixed rate mortgage.

This follows the news that Kensington was to offer mortgages up to 90% LTV.

Chris Smith, Chelsea’s group product manager, said: “In the last few months we have spent time and energy developing the Chelsea product range offering competitive and attractive mortgage packages.