C&G launches new fixed rate mortgage products

With effect from Tuesday 17th July, Cheltenham & Gloucester (C&G) will be launching new fixed rate and stepped fixed rate mortgage products.

Details of the new fixed rate products are:

Two-year fixed rate (with a fee of 2.5% of the loan size) up to 90% LTV available from 5.29%

Two-year fixed rate (with a fee of 2.5% of the loan size) from 90-95% LTV available from 5.49%

Two-year fixed rate (with a fee of £1,999) up to 90% LTV available from 5.99%

Two-year fixed rate (with a fee of £499) up to 90% LTV available from 6.28%

Two-year fixed rate (with a £0 fee) up to 90% LTV available from 6.37%

Five-year fixed rate (with a £0 fee) up to 90% LTV available from 6.48%

Details of the new stepped fixed rate products are:

Five-year stepped fixed rate (with a fee of £999) up to 90% LTV available from 2.99% (Yr 1), 6.99% (Yr 2-5)

Five-year stepped fixed rate (with a £0 fee) up to 90% LTV available from 3.99% (Yr 1), 6.99% (Yr 2-5)

Helen Green, C& G's head of marketing, commented "The cost of borrowing has risen recently and C&G is keen to ensure that it continues to offer competitive products with the affordability and flexibility that today's borrowers needs."