![]() ![]() Although sort codes in both countries have the same format, they are regulated by different authorities as each country has its own banking system.īanks in Northern Ireland can be part of either the British or the Irish clearing system, depending on their country of registration. In Ireland, a sort code is known as the NSC or National Sort Code and is regulated by IPSO (Irish Payment Services Organisation). You can repay up to 10% each year without the charge applying (unless you go on to repay or change the rest of the loan within the next six months).Sort codes, in the British and Irish banking industries, are bank codes used to route money transfers between banks within their respective countries via their respective clearance organisations. This means you will face a charge if you repay or change more than 10% of the loan's capital balance (as at 1 January) in any one year. ![]() Find out more about free legal work and fixed-price services on the fees and charges page.Īn Early Repayment Charge applies during the tracker period. For loans higher than this you can apply for a homeowner loan or to re-mortgage.īuy to Let - to work out how much they can lend you C&G will take into account 50% of the rental income of the property sought.įree legal work is available for borrowing between £5,000 and £999,999 for a standard remortgage plus a fixed-price service for the most common extra legal work needed on non-standard remortgages. ![]() There are no early repayment charges and no valuation fees.Īdditional Loans - generally you can take out a loan at the C&G's standard variable rate. This means it will vary according if rates rise or fall. Standard Variable Rate - the interest on this product is set at a % above the Bank of England base rate. The money in your accounts contributes to reducing your mortgage balance and you only pay interest on the difference between the two. Your mortgage works with your Lloyds TSB current and savings account, or alongside a C&G savings account. Offset mortgage - this gives you the opportunity to cut the cost of your mortgage and the potential to pay it off earlier. The tracker rate applies for four years of the mortgage then it goes back to the C&G's standard variable rate. This overall rate will depend upon on the size of your loan. The tracker rate is set at a % above the Bank of England base rate. Tracker - these mortgages vary according to the Bank of England base rate. After the fixed period has ended the mortgage will revert to the C&G's standard variable rate. The terms are available from 2 to 7 years. You can apply to borrow more on your mortgage so long as it's been at least six months since you took out or last borrowed on your mortgage.Ĭ&G offers competitive rates and several remortgage options including:įixed rate - choose to fix your mortgage rate for an agreed period.You cannot change the term over which your new loan is due to run within six months of it starting.In addition to the specific information that will be taken into account in agreeing additional borrowing, such as the value of your property and your income, there are some other general points that currently apply to all C&G mortgages which you need to know about: Remortgages offered through Cheltenham & Gloucester As well as mortgages, C&G offers 24 hour banking and with over 150 years of mortgage experience, they offer mortgages that are tailored to suit most clients needs. Today C&G mortgages are designed, marketed, sold and administered by Cheltenham & Gloucester plc, and Lloyds TSB Bank is the lender for the C&G mortgages, while the savings customers are serviced through C&G Savings which is a division of Lloyds TSB Bank plc.Ĭ&G is now the UK's third largest mortgage lender with its headquarters located in Barnwood, Gloucester, and Gloucestershire. In 1997, C&G agreed to be taken over by the Lloyds Bank.ĭuring 2009, Lloyds announced that it would be closing all the 160 Cheltenham & Gloucester's branches, but that decision was then later renounced. For the next 8 decades, this organization expanded opening over 100 branches and during the 1980s they acquired several other smaller building societies. Housing Prices and Sales Show Divide Widening Between North and South for Past Three YearsĬheltenham & Gloucester Bank was first founded in 1850 as the Cheltenham & Gloucestershire Permanent Mutual Benefit Building and Investment Association.Remortgage Deals: Fixed Rate Remortgage Tracker Rate Remortgage Lenders ![]()
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