The news follows a commitment reiterated on Wednesday to pass on the full Base Rate cut to its existing tracker and standard variable rate customers.
The new fixed rate range, available from Tuesday, reflects further falls in swaps since yesterday's Base Rate announcement. Rates will start as low as 4.89%.
Stephen Noakes, C&G Marketing Director, said "We want to do all we can to help our customers in these difficult times by passing on the benefits of yesterday's rate cut. Swap rates, which have steadily reduced in recent weeks, have now dropped further so we will pass on these savings. LIBOR also dropped today but we need to see where it settles before introducing a lower priced tracker range. We hope to do this early next week."
The new fixed rate range includes:
60% LTV, 2 year fixed, 4.89% with £1995 fee
60% LTV, 2 year fixed, 4.99% with £995 fee
75% LTV, 2 year fixed, 4.89% with £1995 fee (loans up to £250k only)
75% LTV, 2 year fixed, 5.29% with £995 fee
A new lower priced 90% LTV fixed rate range will be introduced this week.
Lloyds TSB and C&G standard variable mortgage rate is currently 6.5% and will reduce to 5% on 1 December.
