New mortgage range from the Woolwich
Published On 2 January 2007
Woolwich has launched its new mortgage range for 2007 which includes its best tracker deal yet as well as two new best buy fixed rate products. The new life time tracker product will be 0.01 per cent below the base rate for the first two years – currently 4.99 per cent – before reverting to a life time tracker 0.17 per cent above the base rate for the remainder of the term.
This new product has no early repayment charges (ERC) and carries an application fee of £1,495.
Other products launched by the Woolwich include its new five-year fixed rate mortgage at 4.98 per cent and the popular ten-year fixed option at 0.17 per cent above the Bank of England base rate.
Andy Gray, Woolwich spokesman, said: "These new Woolwich deals are the amongst best rates we have ever offered and lead the market in their segments offering great long term value and rate guarantees.
"Long term trackers have proved hugely popular with our customers over the last year, however, with future interest rate movements still uncertain we wanted to continue to offer long term fixed rates to allow customers to take any uncertainty out of their mortgage borrowings."
