Chelsea Building Society lowers interest on fixed rate mortgages

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Chelsea Building Society lowers interest on fixed rate mortgages

A two-year and a five-year fixed rate mortgage from Chelsea Building Society have had their interest reduced to 2.89 and 3.89 per cent respectively.

Both options are available at up to 60 per cent loan to value and the company's group direct mortgage manager Chris Smith highlighted how it has also introduced several new products.

He explained that Chelsea Building Society understand that everybody's situation is different and requires a distinct home finance solution.

Mr Smith said: "Some of our customers want to fix, so they know what their monthly outgoings will be - some want to do this for the long-term to achieve a sense of certainty."

For people keen to sign up for a tracker deal, the company offers a range of two-year arrangements starting from +1.59 per cent on top of the Bank of England base rate.

The Bank's Monetary Policy Committee is due to meet again on July 6th and 7th.

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