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5.69 per cent fixed loan deal among C&G offers

Cheltenham & Gloucester, the UK&#39s third-biggest lender, is setting up a new range of fixed-rate mortgages.

The loans offer rates of between 5.39 per cent and 6.09 per cent, depending on the size of the loan and the duration of fixed-rate period which are from two to five years. Early repayment charges will be restricted to the length of the fixed-rate period.

For example, on a fixed loan of £50,000 over three years, the rate is 5.59 per cent and 5.69 per cent for a fixed loan of £100,000 over five years.

The application fees on all C&G mortgages is £199.

Sales director Nick Hale says: “Our new rates are at the very forefront of the market and the 5.39 per cent two-year deal is our most attractive fixed rate ever. We have made our name by offering no-strings mortgages that are transparent and fair.

“Combining these new rates with our customer service standards, we hope our customers feel they can really have it all.”


Julian Gibbs

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