Chelsea cuts rates

The Society has reduced its 2-year fixed rate mortgage to 1.69% for loans at 60% loan to value.

It has also reduced the rates its 5-year fixed rate mortgage deal from 4.34% to 4.29% for loans at 90% LTV. The fee for each mortgage is £1,545.

Brendan Gilligan, product manager at Chelsea Building Society, said: “We remain committed to providing borrowers with exceptional mortgage rates and have made these reductions to two of our most competitive deals.”

“These two mortgages help to illustrate the low rates across our range, from longer-term fixed rates attractive to first time buyers to products for borrowers who have a bigger deposit or more equity in their home and can reduce their monthly repayments by remortgaging with a market-leading low rate.”