Woolwich City Mortgage 3 is launched by Finance News Bulletin

Published: 15/02/07

In reply to the record bonuses paid out to city workers in the new year, the Woolwich City Mortgage 3 has been introduced to cater for this sectorThe new Woolwich City Mortgage 3 is the mortgage provider's "lowest ever inexpensive speed for larger loans" and it offers a speed that is 016 per cent below the bottom rate Currently this gives the product a speed of 5

09 per centAfter the first two years of the product the Woolwich City Mortgage 3 switches to a rate of 049 per cent above the base rate and this lasts until the full word of the loan is servedAndy old, head of mortgages for the Woolwich, stated: "The uptake of our City Mortgage has exceeded our prospect and this latest product gives great value and is also available for consumers who desire to remortgage with gratis valuation and legal costs

"Other features of the new mortgage include 85 per cent loan to worth, no early repayment charge and loans can be had for between £500,000 and £2 millionAccording to Woolwich, city bonuses will carry on to boom with predictions pointing towards in surplus of £10 billion being paid out at the end of this year and

Visit original article: