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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 It is now over 6 months old so the content may be out of date.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.

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