Chelsea joins the 90 per cent LTV fray

Robyn Hall

July 12, 2011

Available throughout our branch network, customers will be able to take advantage of excellent new products including a 4.39% 2-year fixed and 5.29% 5-year fixed rate mortgage.

Chris Smith, Chelsea’s group product manager, said: “In the last few months we have spent time and energy developing the Chelsea product range offering competitive and attractive mortgage packages.

“To build on that we hope that the introduction of these 90% LTV products will offer more choice to our customers, particularly those who have a limited deposit to put down.”

Chelsea is also cutting rates on a selected number of current mortgage products.

Smith added: “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.

“We are offering a 3.79% five year fixed rate mortgage up to 60% LTV and a 2.79% two-year fixed rate mortgage up to 60% LTV – providing excellent value for those who wish to take advantage of the low rates.”

The 90% LTV products are available on an advised basis direct through Chelsea’s branch network only.

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