Chelsea Building Society has today announced a new five-year fixed mortgage deal for borrowers with a 15 per cent deposit.
The deal is available at a rate of 3.14 per cent for the fixed period and a £1,545 product fee.
The five-year fix sits alongside a range of mortgages designed to suit the different needs of customers, with options including fee-free mortgages with £1,000 cashback, which come with no product fee, application fee or valuation fees.
Rates in the fee-free range, aimed to provide customers with the option to cut upfront costs, start from 2.19 per cent for a three-year fixed deal for borrowers with a 35 per cent deposit.
Chelsea has an even lower fixed rate on offer but at a higher fee and loan-to-value (LTV), and for a shorter fixed term. The mortgage is fixed at 1.08 per cent for two years and it is available to customers with a 35 per cent deposit at a £1,545 product fee.
Jemma Anderson, product manager for Chelsea Building Society, said:
“We’re delighted to offer the five-year fixed rate at 3.14% for customers with smaller deposits, as well as the two-year fix at 1.08% for those with larger deposits.
“We believe that our mortgage range has something to suit everyone, whether you are buying your first home, moving up the property ladder or simply remortgaging.”
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