Chelsea claims mantel of cheapest fixed mortgage

24 January 2005
Chelsea Building Society has said its new two-year fixed-rate mortgage is the most competitive to be offered this year.

The society also launched a three-year fixed-rate, five-year fixed-rate and five-year fixed-rate plus cashback deal.

Chelsea has withdrawn all its existing two-year, three-year, five-year fixed rate and five-year fixed rate plus cashback mortgages.

"This radical reduction of our two-year fixed-rate mortgage will no doubt be copied by our lending industry peers but if it gives a boost to the housing market then this is no bad thing," said Sean Scannell, Chelsea's marketing communications controller.

To check out some of the best fixed-rate mortgage deals, click here.
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