Woolwich Lifetime Tracker Offset Mortgage set for launched

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www.moneynews.co.uk > Mortgages > Woolwich Lifetime Tracker Offset Mortgage set for launched

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Woolwich Lifetime Tracker Offset Mortgage set for launched

A new Woolwich Lifetime Tracker Offset Mortgage is set to be launched on July 13th, it has been announced.

Earlier this month Woolwich became the exclusive mortgage brand of the Barclays Group and the first new product is a new offset mortgage that will track 0.48 per cent above the Bank of England base rate.

Free valuation and legal fees come as part of the new deal which will offer a rate of 4.98 per cent with a loan to value of up to 80 per cent.

Andy Gray, head of mortgages for the Woolwich, said: "Woolwich built its reputation on innovation and six years after its initial launch we are pleased to be able to offer our lowest ever rate on our offset mortgage."

Woolwich was purchased by Barclays in 2000 and the company offers mortgages while Barclays concerns itself with banking, savings and insurance products.

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