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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.”


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