Woolwich 10-year fixed mortgage launched by Finance News Bulletin

Published: 17/09/07

Homeowners and house-hunters looking for a mortgage with a longer term of certainty might be interested in a new manufactured goods being launched by Woolwich tomorrowThe ten-year fixed-rate mortgage comes with an interest rate of 559 per cent, which reverts to 095 per cent above the store of England rate thereafter

Woolwich head of mortgages Andy Gray supposed that the aim with the new offering is to provide borrowers with long-term worth"With many borrowers pending off cheap fixed-rate deals this autumn, and many people in the market concerned about volatility in interest rates, this product offers lasting security," he saidAmong the features of the loan is the ability to borrow up to 80 per cent of the possessions value - or 95 per cent at a rate of 599 per cent

Last month, Woolwich launched a novel two-year fixed-rate mortgage along with a

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