The three-year fixed rate mortgage market has been shaken up with the launch of this deal from Chelsea Building Society.
Offering a rate of 1.99% to 31.7.16, this mortgage has a maximum loan-to-value of 60%.
Advances range between £25,001 and £5 million for purchase and remortgage customers.
A fee of £1,675 applies, of which £130 must be paid upfront.
This deal also benefits from a range of flexible features such as overpayments, underpayments and payment holidays.
This new deal offers the lowest rate in the medium-term fixed rate mortgage market and should appeal to borrowers with large deposits of 40% and over. Five out of five Moneyfacts Stars have been awarded.
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