Cheltenham & Gloucester plc

Cheltenham & Gloucester plc (C&G) is a mortgage and savings provider in the United Kingdom, a subsidiary of Lloyds Banking Group. C&G specialises in mortgages and savings products. Previously, C&G was a building society, known as the Cheltenham and Gloucester Building Society. C&G is one of the largest mortgage lenders in the UK. Its headquarters are in Barnwood, Gloucester, Gloucestershire, England.

Cheltenham & Gloucester Mortgages
C&G mortgages are built around you. Find a range of mortgages such as fixed-rate, tracker, or buy-to-let mortgages. Whether you’re a first-time buyer, ...

Insurance Providers

Mortgage Further Advance

A mortgage loan is a loan secured by real property through the use of a note which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan. However, the word mortgage alone, in everyday usage, is most often used to mean mortgage loan.
Further advance
This is an additional loan by a lender to the borrower.
If you wish to raise money against the value of your home - go see your home lender.
A further advance to release more money on your home, is sometimes referred to as a second mortgage. It will usually be secured by the existing mortgage deed.
You may wish to take out a further advance to pay for property improvement, a new car, school fees, or to buy shares, to invest in a private business etc.

If the equity in your property (i.e. it"s worth substantially more than the outstanding mortgage) you"ll be able to extend your loan - although not necessarily at the same interest rate as your existing home loan.

Releasing Equity By Remortgaging

Thousands of people switch mortgage provider each year, some to save money, others as a means to borrow more cash.

What factors should you bear in mind when switching mortgage providers.
Can remortgaging really save money?

It depends. It is estimated that more than half of all borrowers are continuing to pay over the odds for their mortgage each month. Usually these people are paying the lender's standard variable mortgage rate. There will be lower rates available from other providers.

But this is not the whole story.
In recent years, banks and building societies have been hiking mortgage fees to subsidise attractive headline interest rates. So called mortgage arrangement fees have sky-rocketed as have charges for redeeming a mortgage.

As a result, you have to do the sums to make sure that what you gain through switching provider - a lower rate of interest - is not lost through higher charges.

If you are tired into a remortgage a secured loan (second mortgage) could also be used to release equity from your property

Many people consider taking out a refinance remortgage to consolidate existing debts into one manageable monthly mortgage payment. ...