Chelsea improves mortgage rates

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Chelsea improves mortgage rates

Wed 25th Oct 2006

Chelsea Building Society has announced it has reviewed its interest rates, encompassing a range of products.

Those affected by the review are the buy-to-let fixed rate mortgages and the fees-assisted two-year fixed-rate remortgage product.

Chelsea Building Society's buy-to-let two-year fixed rate interest rate has reduced from 5.45 per cent to 5.30 per cent, while the buy-to-let two-year fixed rate with flat valuation fee has seen an interest rate decrease from 5.14 per cent to 4.99 per cent.

Allied to this, Chelsea Building Society has announced the launch of two new buy-to-let two-year tracker mortgages.

These products differ in terms of interest rates, with one offering a rate that tracks the Bank of England base rate minus 0.02 per cent and the other is 0.29 per cent over the Bank of England base rate.

Further interest rate decreases can be found on the Chelsea's buy-to-let two-year remortgage fixed rate which has been lowered from 5.75 per cent to 5.60 per cent.

Chelsea Building Society is the UK's sixth largest building society and has assets of over £9.7 billion.

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