Chelsea BS reduces mortgage rates

Chelsea Building Society has reduced rates on two of its mortgage products.

The lender has cut its five-year fix available up to 60% LTV down to 3.89%, while its two-year fix up to 60% LTV now stands at 2.89%.

The society says it has also introduced attractive options on trackers, 80% LTV deals and longer-term loans.

Chris Smith, group direct mortgage manager at Chelsea Building Society, says: “Here at the Chelsea we are striving towards offering a great range of mortgage products and we believe these reductions in mortgage rates alongside the introduction of competitive product options means we have products to suit everyone’s needs.”

All of the 60% and 80% LTV products are available for applications of up to £1,000,000 and the Chelsea says it is happy to consider loans up to 60% LTV that are above £1,000,000, on an individual basis prior to application.