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Cheltenham and Gloucester

Hi,

Just wondering do tracker mortgages with Cheltenham and Gloucester still have the drop lock option (i believe it's called) when you get the chance to move to a fixed rate for no penalty?

Thanks

Comments

  • harold123
    harold123 Posts: 21 Forumite
    I've just found out that the mortgage is actually called the "all weather" mortgage. Does anyone know if this is still available with cheltenham and gloucester?
  • harold123
    harold123 Posts: 21 Forumite
    anyone.....?
  • treliac
    treliac Posts: 4,524 Forumite
    I know it did, at least until very recently. Why not take a look on their website?

    Only likely problem, as I see it, is that if the tracker rates go up prompting the move, so will the fixed at the same time!
  • harold123
    harold123 Posts: 21 Forumite
    yeh i cant seem to find out any information on their website, only an artile annoucning the product last year. Read somewhere on another site they stopped it on 1st May this year but not sure if that's true
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