Woolwich mortgages 'provide security' by Finance News Bulletin

Woolwich mortgages 'provide security' - Published:20/03/07

The group's tracker will follow the Bank of England bottom rate plus 018 per cent for the period of the mortgage period, while no arrangement or redemption fees are appropriateWith a one-off fee of £599, the Woolwich mortgage package will be guaranteed not to rise above 599 per centWoolwich is also rolling out a ten-year fixed-rate manufactured goods which will be available at 528 per centThis will relapse to a lifetime tracker rate - following the Bank of England bottom rate plus 095 per cent"The lifetime follower and the ten-year fixed provide consumers with great long-term value and additional protection for those worried about prospect rate rises," said Andy Gray, head of mortgages at WoolwichHe said that the improvement in the interest speed outlook was enabling the group to offers such.

New Woolwich lifetime tracker mortgage 'tracks and caps' - Published:16/02/07

The Woolwich lifetime tracker mortgage has been introduced to the market as a UK first, in that it has the optional adding of a protective rate capWith the Bank of England raising the bottom rate last month for the third time since August, Woolwich has moved to bring in the so-called track and cap mortgage that will be 023 per cent above the base rate and can be capped at 599 per centAt present, with a base rate of 525 per cent, the rate of the Woolwich lifetime tracker is 548 per cent and the cap is intended for clientele who are concerned that the bank's base rate will continue to go up and break the six per cent barrierAndy Gray, head of mortgages for the Woolwich, remarked: "Most customary capped rate mortgages are not linked to a base rate follower, so it can be hard to get any real benefits when rates start to fall"With this you still get all the benefits of a base rate follower in terms of flexibility but with the benefit of protection for the first two years after completion"The protective cap can be made obtainable with a charge of £595 and the capped rate of 599 per cent will last for the first two years of the term of the Woolwich lifetime tracker mortgageUnder the terms of the Woolwich track and cap lifetime mortgage, there are no agreement fees or early repayment charges and the minimum loan dimension available is £50,000, rising to a maximum of.

Woolwich rethinks its buy-to-let offerings - Published:17/11/06

Woolwich has declared that it is to enhance its buy-to-let aid by streamlining the amount of documentation needed in specific casesThe fast track overhaul has been designed to reduce the sometimes time-consuming natural world of the paperwork that accompanies sealing a mortgage and a result the bank has made a series of changesAll Woolwich buy-to-let loans up to the value of £500,000 with a maximum loan to 75 per cent will no longer require a client's proof of income Allied to this, a customer will not have to produce a copy of the hire agreement eitherAndy Gray, head of mortgages at the Woolwich, explained: "Our simplified lending rule builds on the changes we made in September to rental computation With today's improvements we think we now have a market most important proposition which shows our commitment to this market"Also, Woolwich has said that customers will not need to collect certification from second or subsequent applicantsWoolwich is part of the Barclays Group which has around 25 million customers across the globe and a.

Woolwich mortgages 'provide security' by Finance News Bulletin

Published: 20/03/07

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Woolwich mortgages 'provide security' - Published:20/03/07

New Woolwich lifetime tracker mortgage 'tracks and caps' - Published:16/02/07

Woolwich rethinks its buy-to-let offerings - Published:17/11/06