As of 26th April it has increased the LTV to 85% for all of its Buy to let products and has extended the end dates of the fixed rates.
The Society’s current range of Buy to Let products include 2 and 3 year fixed rate mortgages along with a 2 year Fees assisted buy to let mortgage.
Speaking about this increase in Loan to Value, Sean Scannell, Marketing Communications Controller at Chelsea said, “Buy to Let borrowers have consistently proven that they are very tuned in to relevant trends and this is evident through historically low arrears for our Buy to Let customers. We are once again demonstrating our ability to react swiftly to customer demand, such as the increase of our Buy to Let Loan To Value”.
