Products rates & fees

Large Loan Fixed-Rate Mortgages

These deals are only available on an interest only basis to 75% LTV. They are available on repayment to 80% LTV.

 

• These deals are available for residential remortgages, house purchases, product switches and further borrowing (where the total borrowing is for £500,001 or more).
• Maximum LTV of up to 80% for all homeowner loans and remortgages with additional borrowing
• For house purchase and remortgages where the total LTV is over 75% all borrowing must be on repayment. Maximum LTV on interest only loans is limited to 75%
• For Homeowner Loans that take the total borrowing above 75%, the new borrowing must be on repayment
• For loans between £500,001 and £2 million the maximum LTV will be 80%.
• For loans between £2 million and £5 million the maximum LTV will be 70%.
• Each case will be individually assessed by C&G underwriters. However for cases which fall outside of these criteria we will assess and negotiate on an individual basis.
• Before proceeding with large loan applications, please contact your BDM for details of current lending policy.
• The drawdown date for loans is 30 September 2010
• At the end of the fixed-rate period the interest rate charged will switch to the Standard Variable Mortgage Rate, currently 2.50%

For further details please view our lending policy

 

 

For loans between £500,001 and £2,000,000, to 60% LTV

Product	Product code	Initial Rate	Product fee added to loan	Early Repayment Charges
5-Year Fixed until 31/05/15	House Purchase: I/O = EC06 REP = EC07 Remortgage: I/O = EC14 REP = EC15	5.99%	0.25% of the loan	Before 01/06/11 = 5% 01/06/11 - 31/05/12 = 5% 01/06/12 - 31/05/13 = 4% 01/06/13 - 31/05/14 = 3% 01/06/14 - 31/05/15 = 2%	Calculate

 

For loans between £500,001 and £2,000,000, to 80% LTV

Product	Product code	Initial Rate	Product fee added to loan	Early Repayment Charges
5-Year Fixed until 31/05/15	House Purchase: I/O = EC08 REP = EC09 Remortgage: I/O = EC16 REP = EC17	6.99%	0.25% of the loan	Before 01/06/11 = 5% 01/06/11 - 31/05/12 = 5% 01/06/12 - 31/05/13 = 4% 01/06/13 - 31/05/14 = 3% 01/06/14 - 31/05/15 = 2%	Calculate

Other features of this product:

 

• 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

• Initial rate guaranteed to move in line with the Bank of England interest rate
• Valuation fee payable
• Transfer of funds fee: £35 always added to the loan and non-refundable. No Transfer of funds fee on product switches
• Application fee: £99 payable up-front only and non-refundable*
• 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.

*Application fee payable if your client is a new or existing C&G or Lloyds TSB mortgage customer purchasing a property, taking out additional borrowing or moving their mortgage from another lender. Not payable if your client is an existing C&G or Lloyds TSB mortgage customer switching to a new deal. One time payment valid for 12 months.