Cheltenham & Gloucester is reducing its range of discount rate mortgages by up to 0.25 per cent.
The special discount offer marks the offical launch of its parent company Lloyds TSB on June 28.
The offer provides the additional 0.25 per cent is added to the current discount rate for the first year only. It increases the discount on its two-year stepped discount rate to 3.25 per cent in year one for loans up to 90 per cent loan to value, the discount rate remains unchanged in year two.
The offer runs from June 28 to July 31 1999.