The Chelsea Building Society has launched a range of fixed rate mortgages with £495 fees.

The new lower-fee range is available to both home buyers and those looking to remortgage, with two and five year options available across 65%, 75% and 85% loan to values (LTV).

There is 1.64% two-year fixed rate mortgage on offer to those with a 25% deposit. For those looking to fix for a longer period there are a number of five-year options available, including a 1.79% fix at 65% LTV or 1.99% deal at 75% LTV.

Richard Barker, mortgage product manager at Chelsea Building Society, said: “Mortgage rates remain low, and we want to ensure those borrowers seeking to pay lower fees continue to have access to competitive deals.

“A lot of borrowers are attracted to a headline low rate, but our new low-fee range could work out to be more cost-effective taking into consideration the amount you borrow, which is something our specialist mortgage advisers can help with.

“Our new offerings may also appeal to those who want to minimise their upfront mortgage costs before they move into their new home.”