C&G introduces its range of lower-priced fixed and capped-rate mortgages

Customers moving home can now fix their mortgage between 5.59% and 5.99% - with two, three, five and seven-year deals available. C&G's capped-rate mortgage is capped at 5.99% for four years until 30 September 2008. Early repayment charges will be restricted to the length of the fixed and capped-rate periods.

Cheltenham & Gloucester continues to offer hassle-free remortgaging on an ongoing basis which includes the waiver of £299 administration charge (for loans of £25,000 and over) and free legals (for loans of £50,000 and over), no valuation charge and no higher lending charge.

For those customers looking to remortgage they can fix their mortgage between 5.84% and 6.24% - with deals from two to seven years. A capped-rate mortgage is also available - capped at 6.24% for four years until 30 September 2008. Again, as before early repayment charges will be restricted to the length of the fixed and capped-rate periods.

Nick Hale, C&G Sales Director commented; "C&G has re-priced its fixed and capped-rates downwards. In addition to our new range of lower-prices we have also introduced a new Two-Year Premium Fixed-Rate at 5.29% for those borrowing over £100,000 and less than 80% of the property's value.

"This additional product offers customers with a reasonable deposit and who are looking for a larger loan, a very competitive rate, with the security of knowing exactly what their payments will be for the next two years. Anyone looking to remortgage to C&G on the Premium Fixed-Rate will also benefit from our 'free-legals' offer.

"And there's more. The Two-Year Fixed-Rate deal exclusively for Lloyds TSB current account holders has also been repriced. Homemovers can now fix their rate from 5.29% and those customers remortgaging can fix at 5.54%. We also have a Stepped Discount Tracker available exclusively to Lloyds TSB current account holders - demonstrating our commitment to adding value to Group customers."