New fixed-rate offers from C&G

Cheltenham & Gloucester (C&G) has launched a new range of fixed-rate mortgages, with high loan-to-value (LTV) rates making some potentially interesting to first-time buyers.

One offer is available at up to 95 per cent of the value of the property, with an interest rate of 5.49 per cent for two years and a fee of 2.5 per cent of the loan amount.

Other two-year fixed options from C&G offer LTV levels of up to 90 per cent, with interest rates of 5.99 per cent with a 2.5 per cent fee, 5.99 per cent with a fee of £1,999 or 6.28 per cent with a £499 fee.

Fee-free mortgages are also on offer from the lender, at a rate of 6.37 per cent for two years or 6.48 per cent for five years.

For customers looking for stepped fixed-rate packages, the firm is launching two five-year products, one of which carries a fee of £999 and a rate of 2.99 per cent in the first year, rising to 6.99 per cent for the remainder of the deal.

Helen Green, head of marketing for C&G, said: "The cost of borrowing has risen recently and C&G is keen to ensure that it continues to offer competitive products with the affordability and flexibility that today's borrower needs."

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