Chelsea cuts rates and launches range

Yuan Phoon

January 10, 2012

Rates begin at 2.79% on the lender’s 2-year fixed rate available at 70% loan to value with a £1,895 fee.

A 2-year offset fixed rate has also been launched at 2.99% with a £1,895 fee available at up to 70% LTV.

Chelsea has also launched a 2-year fixed rate, 90% LTV product available at 4.49% with a £1,495 fee.

Jemma Smith, product manager at Chelsea, said: “This is a really positive start to 2012 and is an example of our commitment to the mortgage market and how we want to proceed throughout the year.

“Given recent activity within swap rates, we have been able to further reduce a number of our mortgage rates, making them even more competitive for consumers, something which we feel is a welcome relief in January.

“Rate reductions also have been made to Chelsea’s range of lower fee option products, such as a 2-year fixed rate at 2.94% with a £395 fee available up to 70% LTV. With these changes we really do believe that we have something to offer everyone.”

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