Chelsea Building Society has cut the cost of several of its mortgage products .
The company has lowered the rates on several mortgages, including buy-to-let and fee-assisted tracker products.
In total, Chelsea has lowered the rates of five mortgages, such as the two-year fixed-rate buy-to-let deal, for which the interest rate has dropped to 4.99 per cent.
Furthermore, Chelsea has announced that it will be launching two new two-year buy-to-let tracker mortgages .
One of the new mortgage options tracks at 0.02 per cent below the Bank of England base rate for the two years, with an arrangement fee of £2,750.
The other tracker mortgage has a higher rate - 0.29 per cent above the base rate - but features a lower arrangement fee of £895.
Made available from October 24th 2006, the new mortgages allow borrowers to take up to 95 per cent of the property's value.
Chelsea Building Society offers a range of mortgage products, including deals tailored for first-time buyers .
The company's Helping Hand range of products is specifically designed to enable first-time buyers to find a mortgage.
Chelsea cuts mortgage rates
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0845 108 0505
Chelsea cuts mortgage rates
Wed, 25 Oct 2006
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