Chelsea Building Society enters offset mortgage market
Share
Chelsea Building Society is entering the offset mortgage market through its branch network.
The society will be offering 70%, 80% and 90% LTVs on its range, as well as fixed and tracker options.
Chelsea’s tracker to fix will also be available as an offset option.
Its products include:
- 2.49% two-year fix at 70% LTV, with a £1495 fee
- 2.79% two-year fix at 70% LTV, with a £195 fee and £500 cash-back
- 3.39% five-year fix at 70% LTV, with a £1495 fee
- 3.79% five, six, and seven-year fix at 70% LTV with £195 fee and £500 cash-back
- BoE +1.59% two-year tracker at 70% LTV, with a £1495 fee.
Chris Smith, group direct mortgage manager, says: “The Yorkshire thinks offset should be a real consideration for all mortgage holders as competitive offset deals such as those offered by the Chelsea can have so many benefits and flexibility for people particularly in the current financial climate. We are serious about offset and have invested a lot of time and energy in developing a range that offers financial benefits to most borrowers.”
If you enjoyed this article, sign up here to receive daily email updates from Mortgage Strategy and Follow @mortgagestrat
