6.15% Tracker

Upto £999,999 95% LTV

Mortgage is Portable

If you need to repay your mortgage to move home during the initial mortgage product period, providing the lender will lend you the money you need to buy the new property, you will usually be able to continue with this mortgage for the remainder of the initial product period. In addition, if this is during an early repayment charge period, providing you borrow the same or greater amount from the lender and continue with this mortgage for the remainder of the initial product period, you won't normally have to pay the early repayment charge. If the loan is for a smaller amount, you may have to repay part of the charge.

C&G mortgages are always calculated on affordability, the income multiples attached are to be used as a guide line only, for more accurate information please refer to the affordability calculator on our website.

Not available for further advances or product switches.

Minimum term on all products is equal to the product duration, except SVMR which is 1 year.

Product is not CAT standard.

Payment Holidays Allowed. You may take a payment holiday (miss one or more monthly payments) providing you have previously overpaid and the missed payment(s) is not more than your previous overpayment(s) less any underpayments/payment holidays already made/taken.

Linked Current Account. You may link a Lloyds TSB current account(s) to your mortgage. When in credit the account will not earn interest but it will offset daily against your mortgage balance instead, reducing the mortgage balance upon which interest is charged. Interest will be charged at the applicable mortgage rate on agreed overdrafts and at the standard unauthorised rate if not agreed. This additional feature is not regulated by the Financial Services Authority.

Linked Savings/Offset Account. You may link a Lloyds TSB or C&G Offset Saver account to your mortgage. Credit balances will not earn interest but instead will be offset daily against your mortgage balance, reducing the mortgage balance upon which interest is charged.

You can make overpayments as occasional lump sums or as regular overpayments each month. Any overpayment will reduce your mortgage balance, and therefore reduce the amount of interest charged, straightaway.'

You may underpay (pay less than the required monthly amount) provided you have previously overpaid and the underpayment is no more than your previous overpayments less any underpayments (including payment holidays) already made.

Available for Purchases only.

The mortgage is available up to 95% of the property valuation, or the purchase price (if appropriate), whichever is the lower purchase price, whichever is lower.

This mortgage is only available if you are buying a home.

Capital Rest Period : Daily

Repayment Yes

Endowment Yes

PEP Yes

Pension Yes

Interest only (no RV) Yes

With Profits Yes

Unit Linked Yes

ISA Yes

Split Repayment Yes

Arrangement : £995 Can be Added

Booking : None

None

None

Basic:

upto £25,000 - £225

upto £50,000 - £250

upto £100,000 - £275

upto £150,000 - £300

upto £200,000 - £350

upto £250,000 - £400

upto £350,000 - £450

upto £450,000 - £525

upto £550,000 - £600

upto £650,000 - £650

upto £750,000 - £700

upto £850,000 - £750

upto £1,000,000 - £800

upto £1,250,000 - £900

upto £1,500,000 - £1050

upto £1,750,000 - £1150

upto £2,000,000 - £1250

upto £2,250,000 - £1350

upto £2,500,000 - £1450

upto £2,750,000 - £1550

upto £3,000,000 - £1650

upto £3,250,000 - £1750

upto £3,500,000 - £1850

upto £3,750,000 - £1950

upto £4,000,000 - £2050

Added fees will not be included in this calculation.

Transfer of Funds Fee - £35.00 Added to loan.

Application Fee - £99.00 Payable upfront. Must be paid at point of application.

Freehold Flat No

Purpose Built Flat Yes

Converted Flat Yes

Flat Over Shop Yes

Maisonette Yes

Studio Flat No

Flying Freehold Yes

Thatched Yes

Timber Framed Yes

Concrete No

Agricultural Tie No

Flat Over 4 Storeys Yes

Listed Building Yes

Not Accepted

Over 4 storeys not accepted for council blocks.

Flat over shop maximum 80% LTV, must not be both shop and flat.

Timber Framed unaccept if the cavity has been filled with insulating material.

Accepted Locations : England, Scotland, Wales, N Ireland

Bank Statements No

At Least 3 Months Pay Slips Refer

P60 Refer

Proof Of Residency Yes

Life Policy To Be Assigned No

Previous Lender References Refer

Buildings Conditional

Min Loan £50,000

Max Loan £999,999

Max Portfolio of BTL Loans none

Min Age 18 years

Max Age 75 years

Min Term 1 years

Max Term 35 years

Foreign Citizens Refer

Ex-Patriates Accepted

Based on Income > 1

3.05 + 0 or 1.25 joint

Based on Income > 10001

4 + 0 or 2.9 joint

Based on Income > 15001

4.4 + 0 or 3.55 joint

Based on Income > 20001

4.6 + 0 or 3.85 joint

Based on Income > 25001

4.85 + 0 or 4.1 joint

Based on Income > 30001

5.25 + 0 or 4.7 joint

Based on Income > 40001

5.25 + 0 or 4.75 joint

Min months in current position none

Min months in continuous service none

Min no. of years accounts 2

Average years taken to calculate income 2

Will consider declining profit Refer

The income multiple figures are for general guidance only, C&G's lending decisions are not restricted to these figures and all cases are individually assessed for affordability.

C&G mortgages are always calculated on affordability, the income multiples attached are to be used as a guide line only, for more accurate information please refer to the affordability calculator on our website.

Self employed income verification requirements: Two years accounts or one years accounts plus projected income for the next 12 months.

Higher income multiples may be available dependant on individual cases - refer to Cheltenham & Gloucester.

If a customer is 60 or over, Cheltenham and Gloucester will base affordability calculation on their retirement income only.

Hire Purchase Taken into account

Personal Loans Taken into account

Overdraft Taken into account

Credit/Store Cards Taken into account

Child Maintenance Taken into account

Child Education NOT Taken into account

Extra Income:-

Other Income - Guaranteed Add 100% to income before multiply

Other Income - Regular Add 100% to income before multiply

Other Income - Irregular No

Investment Income Add 75% to income before multiply

Mortgage Subsidy Add 100% to income before multiply

Large Town Allowance Add 100% to income before multiply

Maintenance Payments Add 100% to income before multiply

Non Contributory Pension No

Car Allowance Add 100% to income before multiply

Remortgage Not Available

CCJs : Not Acceptable

Defaults : Not Acceptable

Arrears : Refer to lender

Bankrupt : Not Acceptable

Current IVA : Not Acceptable

Repossession : Not Acceptable

- The Lender will judge customers with previous or existing adverse credit in a flexible manner and every case will be judged on its individual merits. Along with the customer's ability to keep up repayments on the mortgage, taking into account his/her existing liabilities.

- The Lender will consider cases of financial difficulty and mortgage arrears sympathetically.

- The Lender follow the general principles of the Council of Mortgage lenders statement of Practice on Handling Arrears and Possessions, including :

a) with your co-operation, developing a plan with you for dealing with your financial difficulties and clearing the arrears, consistent with both your interests and the Lender

b) possession of your property will be sought only as a last resort when attempts to reach alternative arrangements with you have been unsuccessful.