From today, mortgage rates are reduced further at Cheltenham &Gloucester to the lowest fixed mortgage rate since August 2003.
The society announced that it will be cutting its mortgage rates on its premium fixed rate mortgages over two and three years.
The mortgage rate of 4.39 per cent is available for first time buyers, current homeowners, buy to let investors and people looking to find a remortgage.
Borrowers can take out mortgages of a minimum of £100,000, up to a maximum loan to value of 90 per cent. Buy to let mortgage holders qualify for a loan to value of 75 per cent.
According to the mortgage lender's sales director Nick Hale, this new mortgage rate on two-year and three-year fixed rate mortgages is highly competitive.
Mr Hale said this mortgage rate represents "excellent value for those borrowing £100,000 or more, and moving house or simply remortgaging".
People looking to find a remortgage could benefit from the mortgage lender's in-house free legals offer. This offer does not apply in Scotland, due to a different legal process. However, Scottish mortgage holders could benefit from other special offers.
An administration fee of £595 is payable by people who apply for these mortgages. No higher lending charge applies on any of the mortgage lender's mortgage products.
Mortgage rates reduced at CandG
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Mortgage rates reduced at CandG
Mon, 01 Aug 2005
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