C&G launches fixed range

Amanda Jarvis

April 24, 2006

As well as enhanced products, fee-free remortgaging and lower minimum loan sizes on its best rates have also been launched.

The range, available through intermediaries and branches of C&G and Lloyds TSB, includes a two-year loan fixed at 4.45 per cent and a three-year loan fixed at 4.69 per cent.

Both are available to customers borrowing at least £75,000 (the previous ‘best rate’ minimum was £100,000) up to 90 per cent loan-to-value (LTV).

The range also includes a five-year loan fixed at 4.79 per cent and an entirely fee-free remortgage-only product. The remortgage-only loan is fixed for two years at 4.95 per cent (up to 90 per cent LTV).

John Champion, intermediary sales director at C&G, said: “The mortgage industry is entering a crucial period of the year and C&G is very keen to secure a large share of this market. We believe the pricing of the new range reflects our ambition and will be extremely attractive to all types of borrowers.”

Product notes
– Interest is calculated daily
– Valuation fee is dependent on price of property
– All £75k + products (with the exception of the remortgage-only product) carry a product fee of £599 for house purchase and £699 for remortgage
– Intermediaries receive a procuration fee of up to 0.35 per cent.

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