Woolwich fixed-rate mortgage range 'enhanced'
www.moneynews.co.uk > Mortgages > Woolwich fixed-rate mortgage range 'enhanced'
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Woolwich fixed-rate mortgage range 'enhanced'
Thu 26th Apr 2007
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By standardising loan-to-value rates on the Woolwich mortgages to 95 per cent, the group has managed to reduce its two and five-year packages from 5.99 to 5.79 per cent, for a fee of £595.
The fee-free fixed-rate mortgage has also experienced a rate reduction from 6.19 per cent to 5.99 per cent.
Andy Gray, head of mortgages at the group, said: "There is usually an up-lift in mover activity at this time of the year, and we are targeting those having smaller deposits, most often first-time buyers."
Higher lending charges will also not be incurred by consumers, with Woolwich estimating that savvy homeowners will make significant savings over the mortgage term.
Woolwich mortgages will also revert to a lifetime tracker base rate rather than a standard variable rate at the end of the fixed term.
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Related News : Woolwich |
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