Chelsea cuts rates and offers £500 cashback
Chelsea Building Society has reduced rates across its product range and introduced £500 cashback products to help purchasing and remortgaging customers with the costs associated with moving home.
Selected fixed rate and tracker mortgages at 70 per cent and 90 per cent loan to value will be reduced, including a two-year fixed-rate mortgage at 70 per cent LTV, which will be available at 2.74 per cent.
For those with smaller deposits, a two-year fixed-rate mortgage at 90 per cent LTV will be available at 4.24 per cent. Trackers will be available from 2.69 per cent.
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.
“The cashback changes have been introduced following customer feedback – as a building society, we are answerable to our members so try very hard to be responsive to their comments about the types of products that they want.”
All Chelsea Building Society mortgage products have an offset equivalent, priced at 0.20% above the standard mortgage product.