C&G reprices

Cheltenham & Gloucester is repricing the rates on its three-year premium fixed rate mortgage and its standard two, three, five and seven-year fixed rate mortgages.

Nick Hale, sales director at C&G, says: “Following the increase in the cost of purchasing funds through the money markets it has been necessary for C&G to review its rates and these new products are available from September 5. We are able to maintain our 4.39% two-year premium fixed rate for the time being but this is unlikely to be sustainable for long.”