CHELTENHAM & Gloucester, the mortgage arm of Lloyds Bank, is launching a new range of fixed and capped-rate loans which include all legal work free for re-mortgage customers, if they use a C&G-nominated solicitor, or pounds 250 towards their costs if they do not. The deals available include a capped rate of 6.39 per cent until December 2002, with a six-year redemption penalty, or a fix of 6.59 per cent until December 2001, with a three-year redemption penalty. Details from any Lloyds Bank branch.
BRITANNIA Building Society is launching two five-year fixed rate deals, pegged at 6.59 on loans up to 75 per cent of a home's value. This mortgage has no redemption penalties beyond the fixed period. Alternatively, a lower-rate loan with a fix of 6.24 per cent, is available for those prepared to accept a redemption penalty extending two years beyond the original fixed period. The loans include 12 months' free unemployment cover, a pounds 250 cashback for existing Britannia members or first-time buyers who are immediate family of existing members. Call 0800 526350.
CHASE DE VERE, the mortgage broker, is offering two loans for buy-to- let landlords. One is a 6.75 per cent rate, fixed for 10 years, on minimum loans of pounds 75,000. The other is a five-year fix at the same rate. Mortgages are available on a loan-to-value of 80 per cent or less. Redemption penalties apply. A 1 per cent completion fee is levied on the loan. Call 0171 930 7242.Reuse content