Chelsea reduces rates by 0.25pc
Borrowers can now get a five-year fixed rate mortgage at 2.69% (reduced from 2.94%) with a £345 product fee.
Five-year fixed rate mortgages with added incentives are also having rates reduced. These include:
2.79% five-year fixed rate mortgage with £345 product fee and £500 cashback on completion
2.79% five-year fixed rate mortgage with £345 product fee, free standard legal services and free standard valuation
Brendan Gilligan, mortgage product manager at the Chelsea, said: “We are always striving to give borrowers value for money and a wide range of products to meet their needs when buying a new home. These rate reductions will meet these goals and we are sure will be welcomed by borrowers.”