Product rates & fees

Exclusive to PMS

These deals are available on an interest only and/or repayment basis

- no application fee is payable

 

Exclusive House Purchase Deals

 

• These deals are available for house purchase (including 2nd/holiday homes), additional borrowing and product switches only
• Not available for additional borrowing at the same time as porting
• For house purchases where the total LTV is over 75% all borrowing must be on repayment. Maximum LTV on interest only loans is limited to 75%
• Maximum LTV of up to 80% for new-build properties (defined as any property that was first occupied less than six months ago)
• At the end of the initial product period the interest rate charged will switch to the Homeowner Variable Rate, currently 3.99%

For further details please view our lending policy

 

For loans between £5k and £1,000,000, to 60% LTV

Product	Product code	Initial Rate	Product fee added to loan	Early Repayment Charges
3-Year Tracker until 30/09/13	Interest only: EW00 Repayment: EW01	3.29% (+2.79)	£0	Before 01/10/11 = 3% 01/10/11 - 30/09/12 = 2% 01/10/12 - 30/09/13 = 2%

Exclusive Remortgage Deals

 

• These deals are available for residential remortgages, additional borrowing and product switches only

 

For loans between £5k and £1,000,000, to 60% LTV

Product	Product code	Initial Rate	Product fee added to loan	Early Repayment Charges
3-Year Tracker until 30/09/13	Interest only: EW02 Repayment: EW03	3.29% (+2.79)	£0	Before 01/10/11 = 3% 01/10/11 - 30/09/12 = 2% 01/10/12 - 30/09/13 = 2%

Other features of these products:

 

• Free legal work on standard remortgages of £5,000 - £999,999

  Provided that the work is carried out by a firm of solicitors authorised to do free legal work for C&G. For non-standard remortgages a fixed-price service for the most common extra legal work required is also available.  Exclusions apply

• Free valuations on remortgages

  The valuation fee will be waived if your client is remortgaging and their loan size is £500,000 or less. View valuation fees

• No application fee is payable
• Initial rate of tracker products guaranteed to move in line with the Bank of England interest rate
• The drawdown date for loans is 31 December 2010
• Transfer of funds fee: £35 always added to the loan and non-refundable. No Transfer of funds fee on product switches
• Interest calculated daily
• No Higher Lending Charges
• Interest only loans are available only up to 75% LTV, except for existing C&G mortgage customers switching to a new product who, if they currently have more than 75% LTV on interest only, can continue borrowing up to the same amount on interest only if they want to.