3.19% five-year fixed mortgage launched

| February 3, 2012 | 0 Comments
3.19% five-year fixed mortgage launched

Chelsea Building Society has launched a five-year fixed-rate mortgage at 3.19 per cent.

The deal is available on a maximum loan-to-value (LTV) of 70% with a fee of £1,495.

The building society’s product manager Jemma Smith said the product “is the lowest five-year fixed-rate mortgage ever to come to the market which is great for customers wanting longer term security in fixing what is likely to be their biggest monthly outgoing”.

For house buyers seeking a lower fee, Chelsea offers a seven-year fixed-rate mortgage at 3.64% on a maximum 70% LTV, with a fee of £395.

The building society also offers a five-year fixed-rate offset mortgage at 3.39%, on a maximum 70% LTV, and with a £1,495 fee.

Chelsea, which is part of the Yorkshire Building Society, has also withdrawn its ten-year fixed-rate mortgage at 3.99 per cent.

Last week Leeds Building Society launched a new deal which may attract potential house buyers who can’t afford a large deposit.

The Leeds’ two-year discount home loan product is available at a loan-to-value (LTV) ratio of 95 per cent, at a rate of 5.25 per cent.

House buyers who are able to pay a ten per cent deposit will receive a rate of 4.35 per cent.

Leeds Building Society’s Sales and Marketing Director Kim Rebecchi said: “The society is also offering a free valuation up to £335 and free in-house legal services for standard remortgages, to those customers who require help with upfront costs.”

According to the latest research from Santander Mortgages, 53 per cent of potential house buyers are more optimistic about buying a new home in 2012 than they were a year ago, while just 15 per cent are less optimistic.

Eight per cent of Britons believe that they will successfully purchase a new home this year.

Tags: , , ,


Comments (0)

Trackback URL | Comments RSS Feed

There are no comments yet. Why not be the first to speak your mind.

Leave a Reply


Visited 843 times, 35 so far today