Cheltenham & Gloucester has launched a range of new fixed and capped rate mortgages.
Borrowers can choose between terms of two, three, five or seven years fixed at 5.79 per cent up to 90 per cent of valuation or 5.99 per cent up to 95 per cent of valuation.
Borrowers can choose to cap their loans at 6.19 per cent until October 31, 2001 or 6.59 per cent until October 31, 2003 for loans up to 90 per cent of valuation. For loans of 90 to 95 per cent of valuation 0.2 per cent is added to the rates.
As a special offer C&G will pay legal expenses for remortgages until July 16.
Until July 13, 1999 C&G will give IFAs 1,000 Air Miles for each case of £25,000 or more where the customer has a deposit of over 10 per cent.