Cheltenham & Gloucester Building Society Mortgages

When buying my first house, I had no money, and C&G were one of the few lenders who supported 'vendor deposit' paid, enabling me to get a step on the property ladder, although sadly they have now stopped this practice. NB: Most lenders however, do allow builder deposit paid on new properties. It is always advisable when taking out a mortgage, particularly for the first time to use a Independent Financial Adviser or Mortgage Broker, who can search through a list of available lenders, taking into consideration all the borrowers personal and financial circumstances. This prevents the borrower ... more

I love money and am always looking for ways to save or make some ( hence me being on Ciao!) so keep a hawk like eye on the mortgage rated flying around. I saw a good’un with C&G but it wasn’t all plain sailing! With that in mind, below is a brief note of the benefits and the downright annoyance of changing to my C&G mortgage. WHY I CHOSE MY C&G MORTGAGE.. · IT WAS FIXED AT 5.95% FOR 7 YEARS - PRETTY DARN GOOD ( you need a 25% deposit though) · IF YOU ARE FEELING ESPECIALLY RICH YOU CAN PAY AN EXTRA 10% OF THE BALANCE OFF EVERY YEAR ( so in year 1 if you owed £50k you could pay an ... more

Trying to get a remortgage completed with C& G is a total nightmare. Having had an offer in principle at the begining of March, the final offer is still not though as at begining of May when I was hoping to complete as my old mortage deal ends. Each time I call them (which takes forever to get through) I am told that that they require another piece of information e.g. How much savings have you got ? - Never heard that one before. I am probably about as safe and creditworthy as it gets but it seems that they are trying every trick in the book at getting out of lending me at what is an extremely ... more