News Tag: Woolwich
September 17, 2009
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 ...
Woolwich launches one-year tracker at 1.98%
by Gill Montia
May 5, 2009
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% to Bank of England base rate ...
Woolwich lowers rates by up to 0.7%
by Gill Montia
February 18, 2009
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 loan revert to a tracker rate of 1.49% ...
Woolwich cuts “fix and track” rates
by Gill Montia
December 5, 2008
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 its lending arm, Cheltenham & Gloucester, have all ...
Lenders react to base rate cut
by Gill Montia
November 30, 2008
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 as unfortunate by some.
While Scotland has ...
Home Reports a must for Scottish vendors
by Gill Montia
November 6, 2008
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Lloyds TSB and its Cheltenham & Gloucester (C&G) unit, Northern Rock and Woolwich have all withdrawn tracker products today.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 would not necessarily ...
Tracker loans whisked away as base rate cut to 3%
by Gill Montia
October 16, 2008
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 some rates last week on news of ...
Lloyds TSB and Woolwich up tracker rates
by Gill Montia
September 16, 2008
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: two-year fixed-rate down from 5.99% to 5.79%; three-year ...
Woolwich cuts rates but Libor rises
by Gill Montia
September 1, 2008
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 60%.
The lender is also cutting rates on ...
New mortgages from Woolwich and Abbey
by Gill Montia
July 22, 2008
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 by a number of lenders in ...
Woolwich cuts rates and launches lifetime tracker
by Gill Montia
July 10, 2008
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 by phone.
Woolwich has introduced new three-year fixes and has upped ...
New mortgage deal round up
by Gill Montia
May 7, 2008
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 follows last week's decision by Nationwide to introduce a minimum 10% ...
Woolwich abandons 95% LTV
by Gill Montia
