C&G re-price New Year mortgages

Tuesday, 27 April 2004 12:00

Cheltenham & Gloucester has announced re-pricing of two of its mortgage products.

New two-year fixed rate and four year capped-rate mortgages will replace those announced on January 19th this year.

In addition, Cheltenham & Gloucester emphasises that while prices for the remainder of the range are unchanged, end dates have been refreshed.

The UK’s third largest residential mortgage lender says that it will continue to offer fee-free re-mortgaging on loans of £25,000 and over. This includes waiver of the £299 administration charge, free legals, no valuation charge and no mortgage indemnity premium.

Other choices on offer include those for people moving home. These customers can now fix their mortgage between 4.99 and 5.69 per cent and have a choice of two, three, five and seven-year deals. The capped-rate mortgage is set at 5.44 per cent for four years.

For those customers looking to re-mortgage there is a range of deals from two to seven years, with rates varying between 5.24 and 5.94 per cent.

A capped-rate mortgage is also available – capped at 5.69 per cent for four years until April 2008. Early repayment charges will be restricted to the length of the fixed and capped-rate periods.

Additionally, to benefit from any of the fixed-rate or capped-rate deals, the loan must start by July 31st.

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