Woolwich to wow a wider mortgage audience - Mortgages - News - Moneyfacts


Woolwich to wow a wider mortgage audience

Woolwich to wow a wider mortgage audience

Category: Mortgages

Updated: 25/03/2010
First Published: 25/03/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Woolwich from Barclays is set to wow a wider audience with its range of mortgages.

The 60% loan-to-value tier has been removed from its range, so that the current rates are now available to 70% loan-to-value, or anyone with just a 30% deposit.

This means its deals are now more competitive in the market, with the 3.29% variable rate for term in particular continuing to offer good value for money, but to more prospective borrowers.

As well as retaining its incentives for remortgages of free valuation and free legal fees or a £200 rebate, the lack of an arrangement fee makes this is a good option for remortgage borrowers looking for a long term tracker with minimal set up costs.

Four out of five Moneyfacts stars are richly deserved.

Find the best mortgage for you - Compare best selling mortgages

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Does your mortgage lender owe you money?

Earlier this week, the financial watchdog revealed that hundreds of thousands of mortgage holders could have been overcharged by their lender. Are you one of the many who could be in line for a windfall?

Do you think your home will rise in value?

There’s been a lot of talk recently about the rate of house price growth slowing, but is it affecting your personal expectations? According to research, it could be, with fewer people now expecting the value of their property to increase.

Confidence among “second steppers” is on the rise

We all know how difficult it can be taking that first step on the ladder, but what about the second step? In many cases, getting onto the next rung can be just as challenging, but happily, confidence among this cohort appears to be on the rise.