Chelsea Building Society has cut its two-year fixed rate mortgage by 0.05%, ensuring that it retains its place among the market-leaders.
This mortgage deal is now priced at 1.94% until 31.1.17 at a loan-to-value (LTV) of 65%. A low fee of £475 is payable.
This offer is available to first-time buyers, second-time buyers and remortgagors with a 35% deposit. House purchasers can benefit from a £500 rebate upon completion while those looking to remortgage can take advantage of free valuation and free legal fees.
The repayment options offered are very flexible, with overpayments, underpayments and payment holidays all permitted. Overpayments require advance notice while borrowers must ensure that any underpayments and payment holidays do not exceed the overpayments they have made.
The price reduction on this mortgage deal has ensured that it has retained its competitive edge and held on to a place in the Moneyfacts charts. The low fee, great incentive package and flexible repayment system all add to the quality of this offer, which is likely to catch the eyes of many borrowers with the right deposit.
The highest accolade of five Moneyfacts Stars has been awarded.
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