Woolwich and Legal & General launch exclusive mortgages
www.moneynews.co.uk > Mortgages > Woolwich and Legal & General launch exclusive mortgages
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Money News |
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Woolwich and Legal & General launch exclusive mortgages
Fri 20th Oct 2006
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A tracker that lasts for the term of the mortgage provides an interest rate of 5.14 per cent, while the buy-to-let three-year tracker comes with an interest rate of 5.43 per cent.
The tracker for term can be purchased for up to 90 per cent of the loan to valuation (LTV) and the three-year buy-to-let tracker is available up to 75 per cent of the LTV.
Product marketing manager for the Legal & General Mortgage Club Martyn Smith declared: "Our tracker for term exclusive from Woolwich is perfect for borrowers looking for long term value. Set-up costs are low and with no early repayment charge, borrowers are not tied in should their circumstances change."
"With a low arrangement fee of just £195, our new buy-to-let exclusive from Woolwich is also ideal for portfolio landlords," he added.
Woolwich Openplan tracker waives both the arrangement fee and early repayment charge, whereas the three-year buy-to-let charges an arrangement fee of £195 and the early repayment charge is set at six months interest for a period of three years.
Woolwich this week improved its offset mortgage rates to give its customers a better deal.
Related News : Mortgages |
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Related News : Woolwich |
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Related News : Legal and General |
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