Cheltenham & Gloucester 2yr 4.49% Fixed H/P LTV 60% Direct Mortgage Features & Benefits
(currently displaying summary information only)| Feature / Benefit | Summary | Details | Rating out of 5 | ||
|---|---|---|---|---|---|
| Application Criteria: | |||||
| Available in Branch Only |  | no | not just available in branch. | ||
| Permanent UK Resident | | yes | This product is only available to individuals who are permanent UK residents. | ||
| Existing Customers Only | | no | This mortgage is not just available to existing customers | ||
| Existing Borrowers Only | | no | This mortgage is not just available to existing borrowers. | ||
| Remortgage Only | | no | This is not just available for remortgages. | ||
| First Time Buyers Only | | no | This mortgage is not just available to first time buyers. | ||
| Available Via a Broker Only | | no | Available direct. | ||
| Minimum Deposit | | 40% | 40% | ||
| Available Direct | | yes | This product is available direct from the provider. | ||
| Rates: | |||||
| Initial Rate APR | | 4.29% | 4.29% |  | |
| Initial Rate End Date | | 31 May 2012 | 31 Oct 2011 |  | |
| Final Rate | | 2.5% | The standard variable rate is 2.50% |  | |
| Mortgage APR | | 2.8% | 2.9% | | |
| Fixed Rate End Date | | 31 May 2012 | Fixed interest rate until 31/05/2012 | | |
| Fixed Rate Term | | 24 months | 24 months. |  | |
| Frequency of Interest Calculations | | daily | Interest is calculated daily | ||
| Tie-in Period After Rate | | 0 years | No tie-in period. | ||
| Suitability: | |||||
| Mortgage Type | | Fixed Rate | Fixed Rate | ||
| Repayment Mortgage | | yes | Yes | ||
| Interest Only Mortgage | | no | No | ||
| Endowment Mortgage | | yes | Yes | ||
| Maximum LTV | | 60% | The maximum loan to value is 60%. | | |
| Maximum Loan | | £1,000,000 | The maximum loan is £1000000 |  | |
| House Purchase Max LTV | | 60% | The maximum loan to value for house purchase is 60% LTV 60% to £1,000,000 | | |
| Remortgage | | no | This product is not available for remortgages. | ||
| First Time Buyers | | yes | This product is available to first time buyers. | ||
| First Time Buyer Max LTV | | 60% | The maximum loan to value for first time buyers is 60% LTV 60% to £1,000,000 | | |
| Existing Borrowers Moving Home | | yes | This product is available to existing borrowers moving home. | ||
| Existing Borrowers Not Moving Home | | yes | This product is available to existing borrowers not moving home. | ||
| Homemover | | yes | This product is available to homemovers. | ||
| Shared Ownership | | no | This product is not available for shared ownership. | ||
| Shared Equity | | no | This product is not available for shared Equity. | ||
| Restrictions: | |||||
| Maximum Term | | 35 years | Maximum term 35 years. | ||
| Minimum Term | | 2 years | Minimum term 2 years. | ||
| Incentives: | |||||
| Legal Fees Contribution | | no | No legal fees incentive offered. | ||
| No Higher Lending Charge | | yes | No higher lending charge payable. | ||
| Facilities: | |||||
| Portable Mortgage | | yes | Can be transferred to another property if borrower moves house during product term. | ||
| Flexible Payments | | yes | Flexible options available. | ||
| Overpayments Available | | restricted | Up to 10% of the outstanding balance can be repaid each year without penalty. | ||
| Payment Holiday | | yes | Payment holidays allowed. | ||
| Fees & Charges: | |||||
| Application Fee £ | | varies | £395 product fee payable. £99 up-front application fee payable. | ||
| Application Fee Added to Loan | | yes | The product fee can be added to the loan. The application fee must be paid up front. | ||
| Early Repayment Charge | | yes | There is an early redemption charge payable. | ||
| Early Repayment Charge Amount | | 3/2% | ERC - 3% of the amount repaid until 31/05/2011 and then 2% until 31/05/2012. | ||
Apply for this mortgage: | |||||
