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Cheltenham & Gloucester Mortgages
The Cheltenham and Gloucester Building Society was founded in 1850. Following a decision in 1995 by its members, it converted from a mutual society to a plc and became part of the Lloyds Bank Group. This demutualisation sparked further deals throughout the market. Although Abbey National had converted and floated on the Stock Exchange six years earlier, it was C&G's conversion that provided the catalyst for a series of demutualisations and acquisitions that took place over the next two years - with Halifax, Woolwich, Northern Rock and Bristol & West all converting from building society status. The C&G's conversion meant that each member received a cash windfall and it also had a liberating effect on the lending market. Within a few months, C&G was selling its mortgages through every Lloyds branch in the UK, giving it the biggest distribution network of any lender. When Lloyds merged with TSB a few months later, C&G began selling its products through their branches too. C&G is now the UK's third-largest mortgage lender. C&G offer these type of mortgages: Fixed Rate Tracker C&G Offset Standard Variable Rate Additional Loans First Time Buyer Buy to Let
Cheltenham & Gloucester products
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