View more on these topics

Four fixes feature in C&G new loan offers

Cheltenham & Gloucester is offering a new range of mortgages with

fixed terms ranging from two years to seven years.

The loans include fixes for two, three, five and seven years while

the four-year capped rate will remain unchanged at 4.99 per cent

until June 2007 for loans up to 90 per cent loan to value or 5.29 per

cent up to 95 per cent.

The two-year rate is fixed at 4.19 per cent, the three-year at 4.39

per cent, the five-year at 4.79 per cent and the seven-year at 4.99

per cent – all up to 90 per cent LTV.

All four fixed rates are also available up to 95 per cent with 0.3

per cent added to the 90 per cent LTV rate.

Early repayment char-ges are restricted to the length of the fixed

and capped-rate periods. They will be calculated as a percentage of

the amount repaid and reduce by 1 per cent annually to 1 per cent in

the final year.

The admin charge on the range is £249.

Sales director Nick Hale says: “Providing customers with attractive

rates and products which come with a huge degree of flexibility is

what C&G does best. Whether customers want to hedge against the

uncertainty over where mortgage rates will settle or simply want the

reassurance of knowing what their payments will be over a set period,

we have something to suit.”

Recommended

Attack of the clones

Since the introduction of stakeholder, it has become progressivelydifficult to differentiate between pre-retirement products and,therefore, providers. This position has arisen well in advance of theintroduction of Sandler&#39s simplified suite of products.While product differentiation in the post-retirement world grows, weall recognise that the world of pre-retirement planning has becomelargely commoditised. If provider selection does not add […]

Scottish Life – Individual Stakeholder Pension Plan

Tuesday, 6 May 2003 Type: Individual Stakeholder pension plan Minimum premium: £20 Minimum-maximum ages: From birth-75 Fund links: Managed, UK equity, UK ethical, global managed, European, Japan, Far East, global equity, Pacific, worldwide, UK mid cap, American, property, fixed interest, index linked, defensive managed, corporate bond, security 98, security 100, deposit, Scottish Life / BGI […]

Judgement day

As a frequent letter writer and contributor to our trade press on thesubject of PI Insurance,I must thank David Kenmir for providing somuch mis-guided comment which I can write about.If it is only the bad IFAs which cannot get PI Insurance, I wouldlike to know which ones they are and how he intends making such […]

IFA Battersby takes over as LIA president

The LIA&#39s president for the next 12 months will be Jon-athanBattersby, an IFA who has sat on the board since May 2000.He is replacing Gavin Tisshaw, chairman of Maidenhead-based IFAExecutive Advisory Services. Tisshaw will remain on the board as apast president.The handover came at last week&#39s AGM.David Batchelor, an IFA with Wills & Trusts and […]

Converting pension savings to a retirement income…

Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. Income drawdown is more flexible than an annuity. However, it also increases the likelihood that individuals won’t be able to maintain their income throughout their lifetime. In this short video, we explain the risks that […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment