The products include a two year fixed rate mortgage and a two-year tracker, priced at 4.69 per cent.
The two-year fixed rate is available at 4.95 per cent, with a £999 fee, available up to 80 per cent loan-to-value (LTV). A two-year fixed rate product at 5.25 per cent, with no fee, is also available. A two-year tracker at 4.69 per cent, with a £999 fee, up to 80 per cent LTV, and a loan size of up to £1.5 million is also included in the range.
As part of its buy-to-let (BTL) proposition, C&G has launched a product at 5.49 per cent, up to 85 per cent LTV. The C&G BTL range allows customers to hold nine properties within their portfolio, subject to a combined lending limit of £5 million.
Commenting on the product launch, John Champion, intermediary sales director at C&G, said: “The new products are part of our strategy offering differentiated products to respond to the specific needs of IFAs and mortgage brokers.”
Steve Brockman, director of A2B Mtg Co Ltd, said: “The 4.95 per cent deal is a good product, but it would have to be a fairly large loan to justify the fee. While it is competitive, the product fee is being taken into account more and more. But it’s good to know there are still fixed rates being offered that are below the Bank of England Base Rate. The 5.25 per cent offer without a fee is also competitive and it may be better to take that, as on a smaller mortgage the client would never recover the fee over the term of the deal.”
