09 October 2008
C&G will be passing on this Bank of England rate cut to its mortgage customers in full.
The C&G standard variable mortgage rate will be reduced to 6.50% from 1 November.
Existing customers with variable rate mortgages (tracker rate, offset and the C&G standard variable mortgage rate) will also automatically benefit from the change and there is no need for you to take any action. Letters will be sent out shortly confirming your new payment details and should be with you by the 23 October.
If you are in our Annual Instalment Review scheme - where your monthly mortgage payment changes just once each year - the overall effect of any rate changes during the year will be taken into account at the next annual review, and we'll let you know your new payment for the next 12 months when we send you your annual mortgage statement.
Next Bank of England announcement: Thursday 6 November 2008, 12 noon
C&G Mortgages
C&G mortgages are provided by Lloyds TSB Bank plc and administered by us, Cheltenham & Gloucester plc. Cheltenham & Gloucester plc is authorised and regulated by the Financial Services Authority (FSA). Our FSA register number is 106119. Cheltenham & Gloucester plc. Registered Office: Barnett Way, Gloucester GL4 3RL. Registered in England and Wales No 2299428.
C&G Savings
C&G Savings is a division of Lloyds TSB Bank plc. Lloyds TSB Bank plc is authorised and regulated by the Financial Services Authority (FSA). Lloyds TSB Bank plc’s FSA register number is 119278. Lloyds TSB Bank plc. Registered Office: 25 Gresham Street, London, EC2V 7HN. Registered in England and Wales No. 2065.
Copyright © 2009 Cheltenham & Gloucester plc and C&G Savings. All rights reserved.
Mortgage call centre opening hours
8am-9pm Monday to Wednesday
8am-8pm Thursday to Friday
9am-4pm Saturday
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