Chelsea BS cuts mortgage rates across entire range

Chelsea Building Society is to cut rates across its mortgage range from Thursday September 20th.

Highlights include a cut to its two-year fixed rate mortgage for first-time buyers with a ten per cent deposit which charges 4.24 per cent.

Its two-year fixed rate mortgage for borrowers with a 70 per cent loan-to-value (LTV) ratio is available at a rate of 2.74 per cent.

Its range of tracker mortgages offer rates starting at just 2.69 per cent.

Additionally, the Building Society is introducing new £500 cashback products to help borrowers with the costs associated with moving home.

Chelsea Building Society Product Manager Sunjeev Sahota said: "We've cut rates across the range to make our products even more competitive.

"We're also launching new cashback products, which are ideal for borrowers looking to reduce their upfront costs."

All Chelsea Building Society mortgage products have an offset equivalent, priced at 0.20% above the standard mortgage product.