Variable rate tracker mortgage launched by Chelsea BS.

A new 2 year, variable rate tracker mortgage has been introduced by Chelsea Buiding Society. 

The new loan has an interest rate of 1.15% for up to 65% LTV. A product fee applies but there are no early repayment charges.

This type of tracker does have a very attractive interest rate, however, depending on your specific goals for home-ownership, another mortgage might be more suitable.

The advantage of this type of mortgage is that you, as the borrower, are not locked into a deal. You have the flexibility to review your options regularly, and not be subject to high ERC’s should you decide to change within the 2 years.  A number of lenders offer variable rate tracker mortgage deals that could appeal to

A number of lenders offer appealing variable rate tracker mortgage deals, if you like to keep an eye on interest rates. It is extremely important, however, to compare all of the terms and conditions when evaluating which product amounts to the best value loan. The inclusion of a fee, for example, depending on how much it is, might mean the loan is less affordable as first appearances suggest. 

You can begin comparing deals instantly online right now by clicking the button below. If you prefer to discuss all of your home financing options in more detail, you can speak directly to one of our professional advisers today.

For clear, straight forward mortgage advice, call 0800 048 8828.