Cheltenham & Gloucester one of the UKs biggest mortgage lenders, has pulled its entire home loan range as of close of business on Monday 19 May.
The lender has issued a statement saying that it has withdrawn its entire range of mortgage products and will be replacing them with more expensive products. Most rates will increase by 0.25% following last weeks rise in cost of funds.
Some good news expected on Wednesday for Halifax lenders though, it is expected they will announce a cut in rates for existing customers only.
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1 Cheltenham & Gloucester Withdraw Mortgage Products // May 20, 2008 at 4:07 pm
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