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New cheap mortgages on the market

Date: Thu, 16 Jun 2005

Cheltenham and Gloucester (C&G) has introduced a new range of low cost mortgages with fixed rates starting at 4.79 per cent.

The lender's two-year premium fixed loan is now at it lowest rate all year and is available on mortgages over £100,000 and up to 80 per cent of the loan to value price.

Rates on fixed remortgaging loans have also fallen to between 5.29 per cent and 5.89 per cent based on deals from two to seven years.

"C&G prides itself on offering customers the products they want at competitive rates and I'm confident that our new mortgage range has something for everyone - whether they're moving home or simply remortgaging," said Nick Hale, C&G's sales director.

"Due to the change in money market rates we're now able to offer our lowest premium fixed-rate this year."

C&G is also introducing a new product aimed at first time buyers -the three-year stepped fixed-rate mortgage has fixed payments for three years, available on up to 95 per cent of the property's loan-to-value and has no arrangement fees.

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Endsleigh Insurance Services Limited is authorised and regulated by the Financial Services Authority. This can be checked on the FSA Register by visiting its web site at www.fsa.gov.uk/register.
Endsleigh Insurance Services Limited. Company No: 856706 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.