Chelsea Building Society launches low-fee range

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Chelsea Building Society has today launched a low-fee range of fixed rate mortgages.

The lender says the range will have £495 fees “to help those who want to keep down the costs of their home loan”.

The range is available to home buyers and remortgagors, with two and five year options available across 65 per cent, 75 per cent and 85 per cent LTV ranges.

Chelsea is selling a 1.64 per cent two-year fixed rate mortgage at 75 per cent LTV.

The lender is also selling a 1.79 per cent fix at 65 per cent LTV and a 1.99 per cent deal at 75 per cent LTV.

Chelsea Building Society mortgage product manager Richard Barker says: “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.”