Chelsea Building Society and Yorkshire Building Society have each launched competitive two-year fixed rate mortgages for customers with 35 per cent deposits.
The Chelsea, which is part of Yorkshire Building Society Group, is offering customers wanting 65 per cent loan-to-value the 1.44 per cent rate, with a £1,545 product fee, while the Yorkshire’s 1.47 per cent, also for 65 per cent loan-to-value customers, has an £845 product fee. The rate on both mortgages is fixed for two years.
The products are available online or in the respective building societies’ branches.
Clare Slater, mortgage manager for Yorkshire Building Society, comments: “We are always striving to offer our members mortgages at competitive rates.
“We believe these mortgages, which have competitively low rates and slightly higher fees than some other higher rate products, will prove popular for customers who would like to borrow larger amounts.”
Offset mortgages are also available on all products, priced 0.20 per cent higher than their non-offset equivalent.
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