The Premium Tracker Mortgage is available for loans of £100,000 or more and is to be sold exclusively through mortgage introducers.
After six months the rate reverts to a rate of 0.75 per cent above the BBR for loans of up to 90 per cent loan-to-value (LTV), or 1.25 per cent for loans between 90 and 95 per cent LTV. The tracker reverts to the C&G standard variable rate on 31 December 2005.
Nick Hale, sales director for C&G, said: "Our overall package is something that has long been valued by all intermediaries – I believe these new initiatives will also be welcomed. At C&G we are committed to intermediaries and the value they add to our business. By offering this product specifically for them I hope that our already strong relationships will go from strength to strength."
