Chelsea launches new fixed remortgage rate

20th October 2015

Chelsea Building Society launched a new mortgage deal for borrowers with a 15% deposit at a rate of 1.82%, fixed for two years. The mortgage, which is available to new home buyers and remortgage customers, has a £1,545 product fee.

Home movers and first-time buyers with a 10% deposit can also benefit from changes to the range, which include the launch of a free-free 3.09% two-year fixed-rate mortgage, which comes with free standard valuation and £250 cashback on completion.

Brendan Gilligan, product manager for Chelsea Building Society, said: “We have launched these mortgages with borrowers who have smaller deposits in mind; we think the 1.82% is an attractive rate for those with a 15% deposit.

“In addition, we have a range of products that come with incentives and no product fee, which could be beneficial for those looking to save on upfront costs.

“We feel the new mortgages fit well within our range and there is a wide variety of choice for all types of customers.”

*2 year fixed with TSB 1.09% then 3.59% - APRC is 3.3% Max LTV is 60%. Quoted on 27th May 2020.