Chelsea Building Society has reduced the price of its two-year fixed rate mortgage for house purchases by 0.20%, earning it a place in the Moneyfacts charts and winning it the top accolade in the process.
This deal now has a competitive rate of 1.84% fixed until 31.1.18. It is available at 75% loan-to-value (LTV) and has absolutely no product fees.
This mortgage is available to house purchase customers only with a 25% deposit. An enticing incentive package consisting of free valuation and a rebate of £250 upon completion is offered to all borrowers, who are also given the option to make overpayments, underpayments and take payment holidays.
This competitive and highly flexible mortgage is sure to catch the eye of eligible borrowers: not only does it boast an attractive rate, but the absence of any product fees combined with the generous incentive package make this a very cost-effective choice. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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