Chelsea and Yorkshire update 65% LTV mortgages

Chelsea Building Society and Yorkshire Building Society have today each launched two-year fixed rate mortgages of 1.44 per cent and 1.47 per cent for customers with 35 per cent deposits.

The Chelsea, part of the YBS Group, is offering customers wanting 65 per cent loan-to-value the 1.44 per cent rate, with a £1,545 product fee, while Yorkshire’s 1.47 per cent, also for 65 per cent LTV customers, has an £845 product fee.

The rate on both mortgages is fixed for two years and the products are available online or in the respective building society’s branches.

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Clare Slater, mortgage manager for YBS, said: “We believe these mortgages, which have competitively low rates and slightly higher fees than some other higher rate products, will prove popular for customers who would like to borrow larger amounts.”

Offset mortgages are also available on all products, priced 0.2 per cent higher than their non-offset equivalent.