More mortgage rate cuts at Cheltenham & Gloucester

On Monday Cheltenham & Gloucester will reduce the interest rate on its two- and three-year fixed-rate mortgages. Both loans must be made before November 30th 2005.

Both products feature an attractive cut rate at 4.39 per cent, available for a loan of £100,000 or more for LTV's up to 90 per cent.

The mortgages run until September 30th of 2007 or 2008 depending on the option, and have an administration charge of £595.

They can be used for home purchase, remortgaging, conversion, and buy-to-let ventures.

Nick Hale, C&G's sales director believes the products are highly competitive.

He said: "These deals are our lowest priced fixed-mortgages since August 2003 and represent excellent value for those borrowing £100,000 or more, and moving house or simple remortgaging."


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