The Cheltenham & Gloucester Building Society

Fixed rate: you can choose to fix your mortgage rate for an agreed period depending upon which product you choose. Options are from 2 to 7 years. After the fixed period has ended the mortgage will revert to the C&G’s standard variable rate. Early repayment charges apply.

Tracker: these mortgages vary according to the Bank of England base rate. The tracker rate is set at a % above the Bank of England base rate. This over all rate will depend upon on the size of your loan. The tracker rate applies for four years of the mortgage. It then reverts to the C&G’s standard variable rate.

C&G and Lloyds TSB also offer:

Offset mortgage: this gives you the opportunity to cut the cost of your mortgage and the potential to pay it off years early. You run your mortgage alongside your Lloyds TSB current and savings account, or alongside a C&G savings account.

Money in your accounts contributes to reducing your mortgage balance and you only pay interest on the difference between the two. This could mean your mortgage will cost less.

You could pay off your mortgage quicker and save money. You still have the same access to your money.

Standard Variable Rate: the interest on this product is set at a % above the Bank of England base rate. This means it will vary according if rates rise or fall. There are no early repayment charges. No Valuation fees apply.

Additional Loans: generally you can take out a loan at the C&G’s standard variable rate. Loans are between £5000 - £24,999. For loans higher than this you can apply for a homeowner loan or to re-mortgage.

Buy to Let: to work out how much they can lend you C&G will take into account 50% of the rental income of the property sought.

First Time Buyer mortgage: the rates for this mortgage are ‘stepped’ over 3 years; they start low and go up after each year. Only available for First Time Buyers. No admin fees apply.

Should you be interested in a mortgage quotation including those offered by the Cheltenham and Gloucester Building Society please complete our quick enquiry form.