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C&G launches fixed rate range

Amanda Jarvis

December 1, 2004

New three-year stepped fixed rate first-time-buyer mortgage – fee-free.

Customers moving home can now fix their mortgage between 5.29% and 5.59% – with two, three, five and seven-year deals available. (See notes to editors for full rates and APRs.) Early repayment charges will be restricted to the length of the fixed-rate periods.

Cheltenham & Gloucester continues to offer hassle-free remortgaging on an ongoing basis which includes the waiver of the £399 administration charge (for loans of £25,000 and over) and free legals (for loans of £50,000 and over), no valuation charge and no higher lending charge.

For those customers looking to remortgage they can fix their mortgage between 5.59% and 5.89% – with deals from two to seven years. (See notes to editors for full rates and APRs.) Again, as before early repayment charges will be restricted to the length of the fixed-rate periods.

C&G offers first-time-buyers a Three-Year Stepped Fixed-Rate mortgage which not only gives them the security of knowing exactly what their payments will be for the next three years – it is also fee-free. Furthermore, up to 95% of the property’s loan-to-value can be borrowed without paying a higher lending charge and applications supported by a guarantor will be considered. (See notes to editors for full rates and APRs.)

Nick Hale, C&G’s Sales Director, commented; “C&G prides itself on offering customers the products they want at competitive rates and I’m confident that our new mortgage range has something for everyone – whether they’re moving home or simply remortgaging.

“No matter which C&G mortgage you choose – they all come with excellent customer service, which is supported by our recent success in receiving ‘Company of the Year’ and our record-breaking tenth consecutive ‘Five-Star Service’ award at the Industry’s Financial Adviser Service Awards.”


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