Chelsea Building Society has reviewed its variable tracker mortgages and made reductions of up to 1.15%. One of its deals to receive a rate decrease has been awarded a four-star review for its competitive terms.
This mortgage has a variable tracker rate of 1.29% to 31.1.7, available at a loan-to-value (LTV) of 65% - the lowest rate in its sector. A competitive fee of £975 is payable.
The finer details…
First-time buyers, homemovers and those looking to remortgage are all welcome to apply for this mortgage, provided they have a 35% deposit.
There are no incentives available with this offer, but there is a great deal of repayment options, with overpayments, underpayments and payment holidays all permitted as long as certain conditions are met.
The mortgage is also available through Yorkshire Building Society.
Why we like it…
This mortgage boasts a very attractive rate, ranking as the lowest currently available in this sector. As a result, this deal is likely to appeal to borrowers with the right deposit, especially when the flexible repayment options are taken into consideration.
Four Moneyfacts Stars have been awarded.
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