Please note that these deals can be withdrawn at any time. A deal is not secured until we have received your completed paper application form.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Initial Rate | Followed by the Standard Variable Mortgage Rate, currently | The overall cost for comparison is | Product fee | Early Repayment Charges |
|---|---|---|---|---|
4.89% Fixed until 28 February 2011 | 5.00% for the remainder of the term | 5.5% APR | £1995 | Yes. Until 28/02/2011 |
How much will I pay each month? 
General terms
The rate stays the same during the fixed-rate period whatever happens to interest rates generally. Fixed-rate funds are limited and can be withdrawn at any time. So, if you see a deal you’d like, let us know. We’ll reserve it for you as soon as your completed application form, application fee, product fee and valuation fee are received (where appropriate).
Mortgage fees
There are four fees that may apply:
Application fee - There is a £99 non-refundable application fee payable if you are purchasing a property or moving your mortgage from another lender. This is payable when you send us your mortgage application.
Product fee - The table(s) above show what non-refundable product fee (if any) is payable. Where a product fee applies, it will be added to your new mortgage. You can then pay the fee off within 30 days of the start of your mortgage, and no interest will be charged on it; or leave it on your mortgage to spread the cost and interest will be charged on it as part of your main mortgage.
Valuation fee - If you’re buying a property, you’ll need to pay a valuation fee when you apply. The fee amount depends on the value of the property. See our valuation details.
Transfer of funds fee - If you’re buying a property or just moving your mortgage from another lender you will need to pay a non-refundable fee of £35 for the transfer of money when your mortgage starts. The fee will be added to the loan and interest charged.
See full details of all our fees and charges.
Legal fees
Free legal work is available for most standard remortgages of between £50,000 and £999,999.
Find out more information.
Early Repayment Charges
An Early Repayment Charge applies if you repay your mortgage (or more than 10% in any year) during the fixed-rate period. But you can repay up to 10% of the balance (as at 1 January) each year and the charge will not apply (unless you go on to repay or change the rest of the loan within the next six months). For amounts above 10%, the charge will be a percentage of the amount repaid and varies depending on how long you have left on your fixed rate – see below.
Repayment period | Charge (% of amount repaid or changed) |
|---|---|
Before 01/03/2010 | 3% |
01/03/2010 - 28/02/2011 | 2% |
Find out more information about Early Repayment Charges.
What happens when the fixed-rate period ends?
Please check the date the rate is fixed until as, depending on when your loan starts, it may not be exactly 2 years - it may be slightly more or slightly less. After the fixed-rate period your loan will switch to the Standard Variable Mortgage Rate, which at that time, could be higher or lower than the rate you will have been paying and may vary over the remaining term of your mortgage. You may be able to take advantage of a different mortgage deal at that time – see details of how to switch to a new deal.
Ready to get your mortgage application started?
Start your application online and one of our Mortgage Specialists will contact you.
Speak to a Mortgage Specialist
If you prefer to talk through your options with a Mortgage Specialist, call 0800 783 3534*. We're open 8am-9pm Mon to Wed, 8am-8pm Thu to Fri, and 9am-4pm Sat. Or you can visit a branch - call to arrange an appointment on 0845 3000 000.
C&G mortgages are provided by Lloyds TSB Bank plc and administered by Cheltenham & Gloucester plc. Lloyds TSB Scotland plc offer their own range of mortgages, find out more.
*We may monitor and/or record telephone calls in case there's a need to check that your instructions have been carried out correctly and to help improve our service quality.
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