C&G removes tracker range

The lender, part of Lloyds TSB, also confirmed it will pass on any benefits from today’s expected rate cut by the Bank of England. After a number of lenders increased the cost of tracker mortgages, C&G decided to withdraw its own products late last night. The decision was taken in order to manage business volumes and keep prices in line with the rest of the market, C&G says. Its new trackers will be introduced next week. Today, C&G has cut rates on some fixed rate products by up to 0.3% to reflect lower funding costs in wholesale money markets. “We always try to offer a mortgage range ...