Cheltenham & Gloucester is a subsidiary of the Lloyds Banking group. It provides mortgages and savings products and has been doing so since almost 160 years. In fact it is one of the largest mortgage lenders in the U.K. Today, C&G mortgages are managed by Cheltenham & Gloucester plc, while Lloyds TSB Bank is the lender for C&G mortgages. C&G Savings is a division of Lloyds TSB Bank plc. It works in the traditional branch-based accounts to accounts that now can be accessed 24 hours a day.
Cheltenham & Gloucester have a variety of products to offer. They have different types of mortgages to offer depending on the customer’s needs. It could be for buying a new home, remortgaging or buying a property to rent out. They not only give reasonable rates, but also provide the customer with a lot of options. C&G also offers a wide range of savings accounts with features that let you save as you want to. There are classic accounts that provide immediate access, great interest rates and unlimited withdrawals, bonus accounts that pay initial bonus, cash ISAs that provide tax free savings which sometimes even provide guaranteed returns savings accounts with fixed rates and fixed terms that help you save your money and also give you peace of mind. It also have children’s savings account to help children develop the habit of saving money.
To decide on which product to buy, C&G also provides various calculators. These calculators help to evaluate your finances before making any savings or investments. The mortgages calculators help to calculate the amount that one can borrow, the interest, the cost of the mortgage or the deal that you can switch to. With these tools in your hands you can easily decide on how you want to spend your money and how you want to save it.
But before making a decision, compare Cheltenham & Gloucester with other organizations in the UK that offer similar products and services. This will help you in buying the best product that suits your needs.
