Chelsea Building Society mortgages get cheaper

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Chelsea Building Society mortgages get cheaper

Fri 21st Jan 2005

Chelsea Building Society has kick-started its offerings to borrowers for 2005 with the introduction of a two-year fixed-rate mortgage, billed as the most competitive to be offered across the industry so far this year.

Chelsea has also launched a new three-year fixed-rate, five-year fixed-rate and five-year fixed-rate plus Cashback mortgage. All the new products will be launched on January 2005.

The existing two-year, three-year, five-year fixed rate and five-year fixed rate plus Cashback mortgages have been withdrawn.

Sean Scannell, Chelsea's marketing communications controller, said: "This radical reduction of our two-year fixed-rate mortgage will no doubt be copied by our lending industry peers but if it gives a boost to the housing market then this is no bad thing."

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