The Cheltenham and Gloucester Building Society have 160 years experience in the marketing of mortgages., having started in 1850 as the Cheltenham & Gloucestershire Permanent Mutual Benefit Building and Investment Association. At the beginning it was based in Cheltenham, Gloucestershire, but in 1896 it opened a branch in Gloucester. During a period of some 80 years the C&G grew all over the UK and in 1979 opened its one hundredth branch in Pershore, Worcestershire.

In 1997 the C&G was taken over by Lloyds Bank and the society was demutualization.

Presently the C&G mortgages are outlined, traded, sold and managed by Cheltenham & Gloucester plc, though Lloyds TSB Bank carries out the lending for C&G mortgages.

C&G have a variety of mortgages on offer to suit your needs and situation. So if you are looking to buy your first home, remortgaging or purchasing a property to rent out then it’s worth checking out the C&G.

Fixed Rate Mortgages– where the interest rate is fixed for a certain period of time and monthly payments do not alter even if interest rates increase or decrease. The C&G have a wide range of fixed rate mortgages with terms from 2, 3 and 4 years. Below is an example of one of their fixed rate mortgages.

• Term 2 years
• Available for loans of from £5,000 to £1,000,000 and 60% LTV (Loan to Value)
• The initial rate is 2.64% which is fixed until the 31^st January 2014 and thereafter the C&G Homeowner Variable Rate applies which currently is 3.99% till the end of the term of the mortgage
• The product fee is £995
• There are early repayment charges until the 31^st January 2014

Tracker Mortgages–these follow the Bank of England Base Rate which means that your monthly payments can increase or decrease. The C&G have a variety of tracker mortgages with terms from 18 months to 2 years. Below is an example of one of their tracker mortgages for remortgage.

• Term 18 months
• Available for loans of from £5,000 to £1,000,000 and 75% LTV (Loan to Value)
• The initial rate is 4.09% (variable) and tracks at 3.59% over the Bank of England Base Rate until the 31^st January 2013 and thereafter the C&G Homeowner Variable Rate applies which currently is 3.99% till the end of the term of the mortgage
• The product fee is £1,495
• There are no early repayment charges

Buy to let mortgages – this sort of mortgage is used by prospective or existing landlords and is for purchasing a property which then will be rented out. The money from the rental normally goes as a contribution to the repayment of the mortgage and it is possible for a landlord to repay 100% of the mortgage by utilizing the renal money. The C&G have a range of buy to let mortgages to choose from. Below is an example of one of their buy to let mortgages.

• Term 2 years
• Available for loans of from £5,000 to £1,000,000 and 60% LTV (Loan to Value)
• The initial rate is 4.79% fixed till the 31^st January 2014 and thereafter the C&G Buy to Let Variable Rate applies which currently is 4.84% till the end of the term of the mortgage
• The product fee is £995
• There are early repayment charges until the 31^st January 2014

Applying for a mortgage from C&G is simple and can be done on line or in one of their branches. You will require to inform them of the following:

• Details of your income
• Details of your bank account
• Mortgage details for any existing mortgage you may have
• Details of your address in the last 3 years
• Details of any outstanding financial obligations

Their head office address is:

Cheltenham & Gloucester plc Chief Office Barnett Way Gloucester GL4 3RL