Woolwich Two-Year Discounted Tracker mortgage 'better than a fixed-rate'

www.moneynews.co.uk > Mortgages > Woolwich Two-Year Discounted Tracker mortgage 'better than a fixed-rate'

Woolwich Two-Year Discounted Tracker mortgage 'better than a fixed-rate'

Wed 10th May 2006

A Woolwich Two-Year Discounted Tracker mortgage is currently available, with an initial rate of 4.38 per cent, to run at 0.12 below the Bank of England base rate.

This rate is available for loans up to 75 per cent loan-to-value (LTV) and amounts above this LTV will carry a rate of 4.79 per cent.

Following the opening two-year period this offer will revert to 0.95 per cent above the base rate for the life of the mortgage and during the introductory period early repayment charges of one per cent of the balance will apply.

The Woolwich Two-Year Discounted Tracker mortgage charges an arrangement fee of £595.

Andy Gray, head of Woolwich mortgages, said: "A couple of weeks ago we launched a market leading lifetime tracker at 0.19 per cent above base and this week we are launching a two-year discounted tracker at 0.12 per cent below base."

"In the current market it will soon be impossible to come anywhere near this on a fixed rate."

All Woolwich mortgages are available to both new and existing borrowers and include flexible features such as overpaying ten per cent per year without incurring any early repayment charges.

Related News : Mortgages
	Brits 'failing to grasp the importance of an interest in mortgages'
	BBA highlights mortgage lending growth
	Are interest-free mortgages a bad idea?
	Buy-to-let mortgages are 'more profitable'
	House price performance to impact lenders' criteria
	More Brits 'to choose long-term mortgages'
	Offset mortgages 'are the future'
	UK house prices 'set to fall'
	Hybrid mortgages 'are a good deal' for FTBs
	UK public expects house price increase

Related News : Woolwich
	Barclays: Woolwich cuts mortgage interest rates
	Woolwich cuts fixed-rate mortgage rates
	Woolwich fixed rates cut
	New mortgages from Woolwich and John Charcol
	Woolwich Mortgages launches new fixed-rate product
	Woolwich to cut standard variable rate
	Woolwich mortgage to track and track again
	Woolwich 10-year fixed mortgage launched
	Woolwich mortgages to tempt 'both ends of the market'
	Woolwich fee-free lifetime tracker launched