Chelsea Building Society and Yorkshire Building Society have both launched new two-year fixed rate mortgages of 1.44% and 1.47% for customers with 35% deposits.

The Chelsea, which is part of Yorkshire Building Society Group, is offering customers wanting 65% loan-to-value the 1.44% rate, with a £1,545 product fee, while the Yorkshire’s 1.47%, also for 65% loan-to-value customers, has an £845 product fee. The rate on both mortgages is fixed for two years.

The products are available online or in the respective building society’s branches.

Clare Slater, mortgage manager for Yorkshire Building Society, said: “We are always striving to offer our members mortgages at competitive rates. We believe these mortgages, which have competitively low rates and slightly higher fees than some other higher rate products, will prove popular for customers who would like to borrow larger amounts.”

Offset mortgages are also available on all products, priced 0.20 percentage points higher than their non-offset equivalent.