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Saturday 21st of March 2009

News Tag: C&G

November 6, 2008

Tracker loans whisked away as base rate cut to 3%

by Gill Montia
Tracker loans whisked away as base rate cut to 3%
Leading lenders withdrew tracker mortgages just hours before the Bank of England's Monetary Policy Committee agreed an historic 1.5% cut in the base rate, to 3%. Lloyds TSB and its Cheltenham & Gloucester (C&G;) unit, Northern Rock and Woolwich have all withdrawn tracker products today. Yesterday, the Council of Mortgage Lenders (CML) warned that lenders would not necessarily ...



October 9, 2008

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

by Gill Montia
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Cheltenham & Gloucester (C&G;), the mortgage lending arm of Lloyds TSB, has withdrawn some of its most competitive mortgage deals, from today.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 However, C&G; has now withdrawn a ...



July 30, 2008

Lloyds TSB and C&G cut fixed and tracker rates

by Gill Montia
Lloyds TSB and C&G cut fixed and tracker rates
Lloyds TSB and its mortgage subsidiary, Cheltenham & Gloucester (C&G;), are cutting interest rates on two-year fixed-rate and tracker loans. The lenders' full-term tracker mortgages will see the maximum benefit, with rates reducing by 0.38%, to 5.95%. The maximum loan-to-value (LTV) ratio on these deals is 20%. Interest on two-year fixed-rate loans with a maximum 90% LTV come down to ...