According to Cheltenham & Gloucester, the new mortgage will also allow customers to lock into any C&G fixed rate deal at any point, without incurring an early repayment charge or completing new paperwork.
When opting for this product, C&G All-Weather mortgage customers will receive an economic consultation from a trained mortgage advisor. The session will explain the impact of base rate changes on their monthly payments and help them decide on the highest base rate level within their comfort zone.
Stephen Noakes, C&G marketing director, said: With trackers becoming more popular, homeowners have shown they’re keen to capitalize on base rate cuts but with talk of a slowdown and prices rising, it’s not surprising that many still prefer to fix. The C&G All-Weather mortgage gives customers the best of both worlds.
