The mortgages are only available direct through Chelsea’s branch network and include a two-year fixed at 4.39% and a five-year fixed rate at 5.29%.
Both come with a fee of £1,495.
In addition, the Chelsea has reduced interest rates across selected products, including its five-year fixed up to 60% LTV, now at 3.79%, and its two-year fixed rate up to 60% LTV, now at 2.79%. Both have a £1,995 fee.
Chris Smith, group product manager at the Chelsea, said: “In the last few months, we have spent time and energy developing the Chelsea product range offering competitive and attractive mortgage packages.
“To build on that we hope that the introduction of these 90% LTV products will offer more choice to our customers, particularly those who have a limited deposit to put down.”
