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C&G cuts fixed and capped rates

Cheltenham & Gloucester is reducing the interest rate across the range of its fixed and capped rate mortgages by 0.2 per cent.

The cut will see the two year fixed rate reduced to 5.99 per cent for loans up to 95 per cent loan to value.

C&G sales director Nick Hale says: “A recent reduction in the cost of money market funding has enabled us to reduce the cost of our fixed and capped rate mortgages. The advantage of this reduction is being passed on to our customers in a simple and transparent way – no smoke or mirrors.”

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