A new and improved mortgage range has been launched by Chelsea Building Society, now also including a buy-to-let tracker mortgage .
The Society has given its mortgage range a complete revamp, cutting mortgage rates and adding new mortgage products.
The fixed mortgage rates are now more competitive than ever, and the mortgage rates for non-conforming products have been slashed.
According to Sean Scannell, the Society's marketing communications controller, now is the time of the year when the mortgage market could go "a little flat", making this the perfect time to launch a new mortgage range.
He commented that it is important to keep mortgage rates as competitive as possible during this time, saying: "We believe that this new range of mortgages puts us in a strong position going forward."
The new mortgage range offers a two-year fixed mortgage rate product set at 4.65 per cent until August 2007. A mortgage offering a three-year 4.75 per cent fixed mortgage rate is also available, as is a five-year mortgage rate of 4.85 per cent.
The buy-to-let mortgages include a mortgage tracking the base rate . This mortgage rate is guaranteed to stay 0.89 per cent above the Bank of England base rate for two years before reverting to the base rate plus 1.95 per cent for the rest of the mortgage lifetime .
Mortgage rates slashed, buy-to-let launched at Chelsea
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Mortgage rates slashed, buy-to-let launched at Chelsea
Wed, 13 Jul 2005
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