C&G withdraws tracker loans in response to base rate cut

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C&G withdraws tracker loans in response to base rate cut

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10-09-2008, 09:46 PM

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C&G withdraws tracker loans in response to base rate cut

Cheltenham & Gloucester (C&G), the mortgage lending arm of Lloyds TSB, has withdrawn some of its most competitive mortgage deals, from today.The move follows yesterday’s emergency cut in the Bank of England’s base rate, to 4.5%, which prompted leading lenders, including Halifax and C&G, to cut their standard variable rates (SVR). However, C&G has now [...]

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