The Chelsea cuts rates

Published on

Chelsea Building Society has cut rates on all 70% LTV and 85% LTV two, three and five-year fixed rate products by up to 0.25 percentage points.Chelsea Building Society

Products now include a two-year fixed rate 70% LTV mortgage at 3.19% with fees of £1,695 and a two-year fixed rate 70% LTV at 3.29% with £895 fees and free valuation and legal assistance.

Offset variants of all mortgages are also available.

Jemma Smith, the Chelsea’s product manager, said: “There is still uncertainty over how the base rate will move in the coming months and years so some borrowers prefer to fix their mortgage and avoid any surprises.

“The cuts we are making will help to keep borrowers’ repayments as low as possible and either help them on to the housing ladder or make owning their property more affordable.

“There has been a great deal of movement within the mortgage market recently as a result of falling swap rates and we are making sure customers benefit by keeping our wide range of mortgages as competitive as possible.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...

£1 billion lost annually as 50,000 London social homes used fraudulently

A shocking new report reveals that around 50,000 social housing properties in London are...

Other news

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...