The Two-Year Premium Fixed-Rate has been repriced and a new Three-Year Premium Fixed-Rate has also been introduced to the Premium range. Both are fixed at 4.59% and are available for borrowing of £100,000 or more and for LTV’s of up to 90%. Early Repayment Charges are restricted to the period of the Fixed-Rate and an administration charge of £595 will apply for all house purchase, remortgage, conversions and Homeowner loans. (See notes to editors for full rates and APRs).
Customers moving home can now fix their mortgage at 4.79% and 5.09% depending on LTV - 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 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.
Those customers looking to remortgage can fix their mortgage at 5.09% and 5.39% depending on LTV - with deals from two to seven years. (See notes to editors for full rates and APRs.) 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.
Nick Hale, C&G's Sales Director, commented; "We've taken advantage of the recent changes in money markets to be able to offer our lowest Premium Fixed-Rate this year - a stunning 4.59% fixed for either two or three years for those borrowing £100,000 or more with a loan to value of 90% or less.
"We've also lowered rates across our entire range so no matter whether you're moving home or simply remortgaging, I'm confident that we have something for everyone and whichever C&G mortgage you choose - it comes with excellent customer service, supported by our record-breaking tenth consecutive 'Five-Star Service' award at the Industry's Financial Adviser Service Awards."
