Tag: Woolwich

Bovis partners Barclays to offer first-time buyer mortgage

Bovis partners Barclays to offer first-time buyer mortgage

Housebuilder Bovis has joined forces with Barclays to offer a mortgage aimed at first-time buyers, through the bank’s Woolwich lending arm. However, the 90% loan-to-value (LTV) deal, which comes with unemployment protection for three years from exchange of contracts, is only available to those purchasing a Bovis home. For the maximum 90% LTV, the rate [...]

June 10, 2010 | 0 Comments More
Barclays celebrates offset anniversary with rate cut

Barclays celebrates offset anniversary with rate cut

Barclays is celebrating the tenth anniversary of the UK’s first offset mortgage. The bank’s Woolwich subsidiary took the plunge in June 2000 and the lender claims it has saved borrowers more than £1 billion in mortgage interest over the years. The average Woolwich offset mortgage stands at £132,000 and customers typically keep £21,000 in their [...]

June 2, 2010 | 0 Comments More
Woolwich launches one-year tracker at 1.98%

Woolwich launches one-year tracker at 1.98%

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 [...]

September 17, 2009 | 0 Comments More
Woolwich lowers rates by up to 0.7%

Woolwich lowers rates by up to 0.7%

Woolwich is cutting rates across its range of mortgages, by up to 0.7%. A two-year fix at 80% loan-to-value (LTV) ratio is available at 4.99%, representing a reduction of 0.4%, while a three year fixed-rate deal at 70% LTV comes 0.5% cheaper at 3.99%. In addition, the Barclays-owned lender’s offset tracker mortgage is down 0.5% [...]

May 5, 2009 | 0 Comments More
Woolwich cuts “fix and track” rates

Woolwich cuts “fix and track” rates

Woolwich has reduced rates on several of its “fix and track” loans for remortgagers. The lender, which forms part of the Barclays group, has cut the rate on its two-year fix and track by 0.5%, to 3.89% while the rate on a three-year fix and track is down by 0.7%, to 3.99%. Both types of [...]

February 18, 2009 | 0 Comments More
Lenders react to base rate cut

Lenders react to base rate cut

Yesterday’s 1% cut in the Bank of England’s base rate, to 2%, has met with a mixed response from mortgage lenders. Despite pressure from Government Ministers, Halifax and Nationwide are opting not to pass on the full reduction to customers with standard variable rate (SVR) loans. So far, HSBC, Bristol & West, Lloyds TSB and [...]

December 5, 2008 | 0 Comments More
Home Reports a must for Scottish vendors

Home Reports a must for Scottish vendors

From 1st December homeowners selling residential properties in Scotland will need to provide potential purchasers with a Home Report. The reports include a survey, valuation, energy assessment and a questionnaire that has been completed by the vendor. As with the introduction of Home Information Packs in England and Wales during 2007/08, the timing is seen [...]

November 30, 2008 | 0 Comments More
Tracker loans whisked away as base rate cut to 3%

Tracker loans whisked away as base rate cut to 3%

Leading lenders withdrew tracker mortgages just hours before the Bank of England’s Monetary Policy Committee agreed an historic 1.5% cut in the base rate, to 3%. Lloyds TSB and its Cheltenham & Gloucester (C&G) unit, Northern Rock and Woolwich have all withdrawn tracker products today. Yesterday, the Council of Mortgage Lenders (CML) warned that lenders [...]

November 6, 2008 | 0 Comments More
Lloyds TSB and Woolwich up tracker rates

Lloyds TSB and Woolwich up tracker rates

Two High Street mortgage lenders have increased their tracker rates, despite last week’s 0.5% cut in the base rate. Lloyds TSB is hiking its mainstream tracker rates by between 0.3% and 0.5% and Woolwich, the mortgage lending unit of Barclays, is increasing rates on its lifetime and offset tracker deals by 0.2%. Woolwich actually reduced [...]

October 16, 2008 | 0 Comments More
Woolwich cuts rates but Libor rises

Woolwich cuts rates but Libor rises

Woolwich, the mortgage lending arm of Barclays, is launching a new range of loans at up to 75% loan-to-value (LTV). The deals include a three-year fixed-rate mortgage at 5.84%, and a two-year fix at 5.99%. The lender is also providing new loans at a maximum LTV of 60% and with a £995 fee as follows: [...]

September 16, 2008 | 0 Comments More
New mortgages from Woolwich and Abbey

New mortgages from Woolwich and Abbey

Woolwich, which is part of the Barclays group, has launched a Lifetime Tracker mortgage at 1.19% above base rate (currently 6.19%) and with a maximum loan to value (LTV) ratio of 80%. The new loan sits alongside the lender’s existing Lifetime Tracker at 0.69% above base rate for mortgages with an LTV of up to [...]

September 1, 2008 | 0 Comments More
Woolwich cuts rates and launches lifetime tracker

Woolwich cuts rates and launches lifetime tracker

Woolwich is cutting mortgage interest rates for the second time in two weeks. The lender, which is part of the Barclays group, is reducing the rate on its 10-year fixed-rate deal by 0.32 percentage points, to 5.94%. Rates on three-year and five-year fixes will fall by 0.2% and 0.1% respectively. The move follows rate cuts [...]

July 22, 2008 | 0 Comments More
New mortgage deal round up

New mortgage deal round up

A number of lenders have launched new mortgage deals this week. Leeds Building Society has introduced a five-year fixed-rate loan at 5.99% and with no higher lending charge. Maximum loan-to-value ratio is 80% and 10% capital repayments are allowed each year without any penalty charge. Interested parties can apply via the lender’s branches, online, or [...]

July 10, 2008 | 0 Comments More
Woolwich abandons 95% LTV

Woolwich abandons 95% LTV

Woolwich has become the latest mortgage company to reduce its loan-to-value (LTV) ratio for new customers. The lender, which forms part of the Barclays group, is withdrawing all products with LTVs exceeding 90% from Thursday 8 May. These include a 5% LTV lifetime tracker plus five-year fixed-rate and standard variable rate loans. The move, which [...]

May 7, 2008 | 0 Comments More