Friday, May 28, 2010
Heltenham & Gloucester increases standard variable rate for new customers from 2.5 per cent to 3.99
C&G pushes up rates for new customers
Cheltenham & Gloucester (C&G), part of the Lloyds Banking Group, has hiked its standard variable rate (SVR) for new mortgage customers, potentially raising the cost of monthly repayments on a typical loan by £185 a month. From June 1, the SVR for new C&G customers will increase to 3.99 per cent and will not be pegged to the base rate, allowing the lender to adjust the rate at any time. Borrowers move onto an SVR after their initial deal expires.
Posted by mark @ 11:48 AM (1327 views)
One thought on “Heltenham & Gloucester increases standard variable rate for new customers from 2.5 per cent to 3.99”
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jack c says:
Seems to me they are moving in line with the rest of the market (main competitors)
Lenders Rate
HSBC 3.94%
Nationwide 3.99%
Natwest/RBS 4.00%
Abbey 4.24%
Northern Rock 4.79%
A&L 4.99%
Barclays 4.99%
Average rate 4.42%
Source: Moneyfacts (26.05.10)