Mis-sold Mortgage Claims > Mortgage News
Chelsea announces two new best buy mortgages
Tue, 17 May 2011
Building society Chelsea has announced the launch of two new market leading mortgage deals.

The two five-year fixed rate deals are available from today (May 17th) and top the best buy tables, says the mutual.

Chelsea is offering a rate of 3.99 per cent over five years with a £1,995 product fee, or a rate of 4.39 per cent with a £595 fee.

Both new mortgages are available up to 75 per cent loan to value .

Mortgage manager Chris Smith said the building society is expecting a high level of interest in the new products as demand for five year fixed deals has been rising, particularly among borrowers seeking a larger loan .

"We will have two of the best five year fixed rate deals in the market. Typically, the reduction in monthly repayments borrowers can achieve with the 3.99 per cent product makes that the more cost effective option for loans of £104,500 or more," he said.

Earlier this week, Britannia and The Co-operative Bank announced improved rates on a number of their three year and five year fixed-rate mortgages .
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