For a short time only, borrowers can take advantage of a new two-year Fixed Rate Mortgage from the Chelsea Building Society . The loan comes complete with a highly competitive rate, and is available as of today. Until September the 30th, the product is offered at 4.79 per cent for either remortgage or purchase.
Beyond this, Chelsea Building Society will review its entire fixed rate and tracker mortgage range, to keep pace with recent fluctuations in the mortgage market. The mortgage product development manager of the Chelsea Building Society, Mr. Andy Paddock, said: "By continually reviewing our mortgages we ensure that our customers aren't just getting an eye catching rate, they are getting a great overall deal on the mortgages we offer."
The Chelsea Building Society is one of the success stories of the lending industry, holding over £10 billion of assets . The business is long established, founded in 1875, with over 400,000 customers and 80,000 mortgage borrowers.
The refining of their fixed-rate product is typical of lender action. For first-time buyers and remortgage customers a dilemma currently exists. With fixed-rate mortgages edging higher, and tracker mortgages uncertain due to forecast base rate fluctuations, Chelsea is aiming to secure an area of the fixed-rate market before the interest rate creeps up.
New Fixed-rate Mortgage from Chelsea
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New Fixed-rate Mortgage from Chelsea
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