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Increase your portfolio with the Woolwich

Increase your portfolio with the Woolwich

Category: Mortgages

Updated: 08/05/2009
First Published: 08/05/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
The Woolwich is giving homeowners the chance to enlarge their property portfolio with a new buy-to-let product.

The mortgage is a fixed rate product without an extended tie-in. The rate is 4.99% to 2.8.12 with a maximum LTV of 60%. The fee is 1.25% of advance (minimum £1,250), while a minimum portfolio of three properties is required.

For a landlord looking to buy or remortgage a minimum of three properties, this is an attractive product, with the low LTV being the only obvious drawback.

The product has been awarded four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.