Woolwich mortgages 'provide security'
www.moneynews.co.uk > Mortgages > Woolwich mortgages 'provide security'
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Woolwich mortgages 'provide security'
Thu 15th Mar 2007
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The group's tracker will follow the Bank of England base rate plus 0.18 per cent for the duration of the mortgage period, while no arrangement or redemption fees are applicable.
With a one-off fee of £599, the Woolwich mortgage package will be guaranteed not to rise above 5.99 per cent.
Woolwich is also rolling out a ten-year fixed-rate product which will be available at 5.28 per cent.
This will revert to a lifetime tracker rate – following the Bank of England base rate plus 0.95 per cent.
"The lifetime tracker and the ten-year fixed provide consumers with great long-term value and added protection for those worried about future rate rises," said Andy Gray, head of mortgages at Woolwich.
He said that the improvement in the interest rate outlook was enabling the group to offers such competitive rates.
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Related News : Woolwich |
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