C&G broker-only deals throw down the gauntlet

Brokers have praised Cheltenham & Gloucester’s range of intermediary-only fixed rate products as throwing down the gauntlet to other lenders.

The products, available from tomorrow, are up to 90% LTV for house purchases and remortgages. There are two, three and five-year fixed rate mortgages for loans ranging in size from 100,000 to 1.5m. Brokers will also receive an additional five basis points on the proc fee.

Jon Pain, managing director at C&G, says: “These deals respond to the needs of advisers and their customers.”

Jonathan Burridge, managing director of Quantum Mortgage Brokers, says: “These rates are excellent and throw down the gauntlet to other lenders. They must respond.”