7th November 2014
Two building societies have slashed the cost of two-year mortgages for customers with a 35% deposit.
Chelsea Building Society and Yorkshire Building Society have each launched two-year fixed-rate mortgages of 1.44% and 1.47% respectively for 65% loan-to-value mortgages.
The Chelsea, which is part of Yorkshire Building Society group, is offering is 1.44% deal for a product fee of £1,545 and the Yorkshire 1.47% deal is offered with a product fee of £845.
Both mortgages are available online or thorough branches, they are also available in offset version priced at 0.2% higher.
Clare Slater, mortgage manager for Yorkshire Building Society, said: ‘We are always striving to offer our members mortgages at competitive rates. We believe these mortgages, which have competitively low rates and slightly higher fees than some other higher rate products, will prove popular for customers who would like to borrow larger amounts.’