With the majority of short term fixed rate mortgages peaking above five per cent, Woolwich has today re-launched the lifetime tracker mortgage, guaranteed to stay at just 0.19 per cent above the Bank of England base rate (current rate of 4.94 per cent), with no arrangement and no redemption penalties.
Key product details for the 0.19 per cent lifetime tracker:
Best lifetime tracker available on the high street as tracks base rate at +0.19 per cent and has no arrangement fees or tie-ins
Customers switching from another lender can use Woolwich Switch & Save package with no valuation or legal costs
Maximum flexibility: overpay, underpay & payment holidays.
Available to all existing and new customers; with no fees to pay
80 per cent loan to value
Minimum loan size ?50,000
"In addition, if people opt for the short term fixed rates now it could cost them substantial amounts to re-enter the market in two or three years time when the rate matures as application fees are starting to creep up"
Customers can find out more about all our new and existing mortgages by visiting their local Barclays or Woolwich branch, via the website: UK Mortgages Woolwich is the mortgage brand of Barclays
Barclays acquired the Woolwich in October 2000.
The acquisition has given the group the opportunity to provide extensive services to our customers, for example Openplan;
which was pioneered by the Woolwich has now been rolled out across the
Barclays Group. This has provided numerous benefits to our customers such as
paying off mortgages early through our market leading Offset product.
Woolwich started 2006 with a regular flow of market leading mortgage deals
and continues to drive the market with best buy 10 year fixed rates, lifetime
tracker and offset deals. July 2006 - Woolwich won the award for Best Mortgage
Provider (Your Money Direct magazine).
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