• Two-Year Premium Tracker at 0.14% above Bank of England Base Rate — giving a current rate of 4.89%
• Two-Year Premium Discount at 1.85% below C&G’s SVMR — giving a current rate of 4.90%
• Existing Premium Stepped Tracker and Premium Fixed-Rate products improved
The Two-Year Premium Tracker Mortgage tracks at 0.14% above the Bank of England base rate until 30 April 2007 - giving a current rate of 4.89%. This is available for borrowing of £100,000 or more and for LTV’s of up to 90%. There are no Early Repayment Charges and an administration charge of £499 will apply in all cases.
The Two-Year Premium Discount Mortgage has a 1.85% discount off C&G’s Standard Variable Mortgage Rate — giving a current rate of 4.90%. This mortgage is available for borrowing of £100,000 or more and for LTV’s of up to 90%. Again there are no Early Repayment Charges and an administration charge of £499 will apply in all cases.
Improvements have also been made to the loan-to-value threshold of the existing Premium Stepped Tracker and Premium Fixed-Rate products - with these loans now being available for borrowing of £100,000 or more and up to 90% LTV. The Premium Stepped Tracker also benefits from an improved Early Repayment Charge period - which has been reduced from 30 June 2010 to 30 June 2007.
Nick Hale, C&G's sales director commented; "These new Premium Mortgages offer those customers looking for a larger loan a very competitive rate. By increasing the LTV on our Premium Mortgages to 90%, more customers can now benefit from these great deals and for those remortgaging to C&G our 'free-legals' offer also applies."
