The lender’s five-year fixed rate mortgage has been reduced to 3.89% up to 60% loan to value and its two-year fixed rate mortgage now sits at 2.89% available up to 60% loan to value.
Chelsea Building Society's group direct mortgage manager Chris Smith said: "Here at the Chelsea we are striving towards offering a great range of mortgage products and we believe these reductions in mortgage rates along side the introduction of competitive product options means we have products to suit everyone's needs.
"Not every situation is the same, we understand that. Some of our customers want to fix, so they know what their monthly outgoings will be - some want to do this for the long-term to achieve a sense of certainty on future payments. On the other hand though, we have those who wish to take advantage of the variable rates - and this new range ensures that they can access what is most suitable to their needs.”
