YBS and Chelsea launch sub 1.40pc mortgages
The Yorkshire mortgage starts at 1.39% and has a product fee of £845 while the Chelsea offering starts at 1.38% and has a product fee of £1,545.
Other highlights include a 65% LTV 3-year fix at 2.18% reduced from 2.34% including an £845 product fee from the Yorkshire, while Chelsea customers are being offered a rate of 2.14%, reduced from 2.24%, with a £1,545 product fee.
Clare Slater, mortgage product manager, said: “We aim to offer our customers highly competitive rates and we believe that these rate reductions on popular LTV brackets will offer borrowers an appealing product.
“The reductions at 90% LTV will also help some first-time buyers make their first step on to the property ladder.”