Cheltenham & Gloucester (C&G) belongs to the Lloyds TSB Group and acts as the specialist mortgage arm of the group.
As a former building society, which became a plc in 1995 before coming under the Lloyds TSB wing, C&G has a long heritage of mortgages and savings. It aspires to be the most cost-effective lender, passing cost savings back to the customer.
You can get expert help on C&G mortgages and all other UK lenders by filling out the form for a free call back.
About C&G Mortgages & Remortgages
Cheltenham & Gloucester offers 46 different residential mortgages. On 19th May 2008 the company announced an across-the-board 0.25% rise in rates, blaming the well-publicised "credit crunch".
So what are the leading deals from C&G today? Starting with fixed rate mortgages: a 5-year fixed rate for loans up to 75% LTV (loan-to-value) now starts at 6.10%.
If you need a higher LTV percentage, but still want a fixed rate, the next best C&G option is the 3-year fixed at 6.44%. However, the unseen benefit of this deal is its tiny fee – just £99.
Variable rates are available from 6.34%, which is offered on the lifetime of the mortgage (up to 80% LTV) or for 2 or 5 year periods (up to 90% LTV).
Cheltenham & Gloucester's Standard Variable Rate is a little better than most lenders, though: it's been rounded off at 7%.
It's a complex scenario and the whole of the market is changing swiftly – we suggest you speak to an adviser for a cross-market comparison today.
Offset Mortgages
Cheltenham & Gloucester's offset mortgage, in collaboration with Lloyds TSB, allows the borrower to run a mortgage alongside a current account. This opens the possibility of paying off your mortgage early, saving a considerable amount of money that would normally have been spent on interest rate payments.
Choosing a C & G Mortgage
We recommend that the best way to find out if the Cheltenham & Gloucester mortgage—or any other lender, for that matter—is suitable for you is by speaking to an FSA-qualified mortgage specialist.
They will give you a free call back with expert help. It costs you nothing because they receive fees from the lenders themselves. It's a guaranteed impartial service, with no strings attached.
Fill in the secure, 1-minute enquiry form to get a free call back with unbiased advice, comparisons and quotes.