Chelsea Building Society has launched the lowest ever five year fixed rate deal.
Borrowers wanting a mortgage of up to 70 per cent LTV can benefit from a rate of 3.19 per cent, or 3.39 per cent for the offset option. Both mortgages have a fee of £1,495.
“This is the lowest five year fixed rate mortgage ever to come to the market, which is great for customers wanting longer term security in fixing what is likely to be their biggest monthly outgoing,” said Chelsea Building Society product manager Jemma Smith.
“We’ve also reduced rates on some of our shorter term fixed rate mortgage deals ensuring that whatever the LTV or term required, we have a competitive deal to suit customers’ individual needs.
“We raised our profile in the mortgage market in 2011 with a range of popular and innovative products and want to build on that success in 2012, encouraging even more borrowers to consider the Chelsea, whatever type of mortgage they are looking for.”
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