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Cheltenham & Gloucester ups sub-prime rates by 1 per cent

C&G has announced that it will be increasing rates on all of its Assist and Access fixed and tracker products by 1 per cent from today.

Current products were withdrawn from close of business yesterday.

The lender says it is still paying a 0.65 per cent proc fee on assist cases.

A spokeswoman says that it is business as usual for C&G. “Other lenders have made the changes so we’re following suit.”

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