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C&G offers extra discount for larger loans

Cheltenham & Gloucester has launched a special discount offer for borrowers with larger loans.


The offer provides borrowers with loans above £100,000 an extra 0.5 per cent off their discounted rate mortgage for the first 12 months.


It means borrowers of up to 90 per cent loan to value, opting for a two year discount rate will now receive a 3.5 per cent discount in the first year of their loan.


The lender has also announced it is slashing its administration charge from £199 to £99.

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