Chelsea Building Society has announced the release of its lowest-ever five-year fixed-rate mortgage deal.
The organisation noted the launch underlines its aim to carry on offering customers the most competitive home loan deals on the market.
Those looking for a mortgage of up to 70 per cent loan-to-value (LTV) can enjoy a rate of 3.19 per cent, while the offset option provides a rate of 3.39 per cent.
Both of these arrangements include a fee of £1,495 and Jemma Smith, product manager at Chelsea – which has roots stretching back to 1875 – noted the new product is great news for consumers seeking longer-term security in fixing their most sizeable monthly outgoing.
The industry figure explained the building society has also “reduced rates on some of our shorter term fixed rate mortgage deals ensuring that whatever the LTV or term required, we have a competitive deal to suit customers’ individual needs”.
Ms Smith went on to point out that the organisation increased its profile in the mortgage market in 2011 and the launch of new products should hopefully continue this trajectory over the months ahead.
