|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |    24th of February 2018
|   Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

Mortgage News feed Mortgage News

All Financial News feed All Financial News

Woolwich launches one-year tracker at 1.98%

Bookmark and Share

by Gill Montia

Woolwich has announced its second round of mortgage rate cuts this month.

From today, the lender is introducing a one-year tracker mortgage at 1.98% for a 60% loan-to-value (LTV) deal, which comes with a £999 fee.

The Barclays-owned firm is also cutting rates on its two-year 70% LTV fixed-rate deals with a £999 fee, to 3.99%; or 4.09% with a reduced fee of £499.

The rate on a three-year fix is falling by 0.4% to 4.49% for borrowers with a 30% deposit and prepared to pay a fee of £999; or 4.69% with a £499 fee attached.

Head of mortgages at Woolwich, Andy Gray, says: “With more people looking for mortgages, the one year tracker mortgage is the right mortgage at the right time”.

He adds: “If base rate conditions remain the same, this would then roll into a 2.99% rate (Barclays base rate +2.49%), which is an extremely strong rate. It’s a good mortgage, particularly for those who believe the best mortgage rates are still to come.”

All the deals are available at the same rates to both direct branch customers and via intermediaries.

Discuss this in the Finance Markets forums

Story link: Woolwich launches one-year tracker at 1.98%

News posted: September 17, 2009

Financial Services:

Related financial stories to: Woolwich launches one-year tracker at 1.98%:
Previous: «
Next: »

Visited 2424 times, 1 so far today

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Tags: , ,