Cheltenham and Gloucester – UK Mortgage Lender
The Cheltenham and Gloucester Building Society was founded in 1850. In 1995, it demutualised and became part of the Lloyds TSB Group.
Cheltenham and Gloucester is the third largest mortgage lender in the UK. It markets mortgages through its own branches and those of Lloyds TSB (more than 2,400 branches in total), as well as online and by telephone.
Fixed Rate Mortgages: 2 year, 3 year, 5 year and 7 year fixed rate mortgages and remortgages.
Tracker Mortgages: 2 year and full term tracker mortgages and remortgages.
Buy To Let Mortgages: fixed rate and tracker mortgages from £25,000 to £1.5 million are available for the purchase of rental property.
Cheltenham and Gloucester offers a traditional range of mortgages including fixed, variable and tracker rate options, but also has a set of non standard mortgage options. These deal specifically with difficult situations. A 100% mortgage is available for those who do not have a deposit available to put towards the property. Similarly, there is a fixed rate plus mortgage which allows borrowers to borrow more than they would normally be able to obtain, based on standard ratio calculations. These are at a fixed rate to assist with the budgeting.
A mortgage assist mortgage is also available specifically for those who are UK resident but who also have county court judgements against their name. Other services include products in the savings range, such as offshore savings, ISAs and bonus trackers.