Set at a certain level above the Bank of England base rate and then moves in line with it for a set period.
Available if you're already a C&G mortgage customer borrowing more. You can apply to borrow more on your mortgage so long as it's been at least six months since you took it out.
Also, If the new loan takes your total C&G mortgage above 75% of your home’s value, all of the new amount must be arranged on a repayment basis.
Please see our helpful guide to understanding the mortgage rate table, in which you'll find the key mortgage product information to help you when making sure the product is what you're looking for.
Please note that these deals can be withdrawn at any time. A deal is not secured until we have received your completed paper application form.
For loans of between £5,000 and £1,000,000, between 75% and 80% of your home's value
| Rate currently | The overall cost for comparison is | Product fee | Early Repayment Charges |
|---|---|---|---|
|
|||
| 6.69% (variable) Tracks at 6.19% above the bank rate for the term of the mortgage | 7.0% APR | £999 | No charge. |
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:
| Fee | Amount | Brief description |
|---|---|---|
| Product fee | As shown in the Overview tab | With some of our mortgage deals there's a product fee to pay, with others there isn't. Usually, there's a choice, and you can get a lower rate in return for paying a fee or no fee and a higher rate. Where a product fee applies, it will be added to your new mortgage. You can then pay the fee off if you want to, or leave it on your mortgage to spread the cost. If you pay it off within 30 days of the start of your mortgage, no interest will be charged on it. If you leave it on your mortgage, interest will be charged on it as part of your main mortgage. |
| Transfer of funds fee | £35 | You'll need to pay this non-refundable fee for the transfer of money when your mortgage starts if you're buying a property, switching your mortgage from another lender, or are an existing C&G or Lloyds TSB mortgage customer borrowing more. |
For more information, view the full list of Fees & charges.
Below is a list of items you may need handy when you apply:
