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Woolwich

Following a merger in 2000 'The Woolwich' and 'Woolwich' is a trade mark of Barclays Bank Plc. With over 1,600 Barclays High Street Branches plus it's business and financial centres the Barclays Group is one of the top four UK banks and consistently posts profits in its regular financial reports.

During 2009 The Woolwich has won three major awards

• Your Mortgage - 'Best Offset Mortgage Lender'
• Your Money - 'Best Online Mortgage Provider'
• Moneywise - 'Best Lender for Lifetime Trackers'

Woolwich offers a wide range of mortgages and often have headline rates published in the national press. Below you will find a short explanation of each product but you will need to talk to your broker to find out what might be the best mortgage for your individual circumstances.

Woolwich Mortgage Products

2 or 5yr Fixed rate: The interest will be fixed for the whole two or five years giving you control over your financial planning. If your mortgage loan is over £200,000 you will benefit from a lower rate but will have to pay a higher application fee. At the end of the two years your interest rate will become variable.

You will be charged an early repayment fee if you pay off whole or part of the loan, transfer your mortgage to another lender or to a different product before the end of the agreed period.

Lifetime Tracker mortgage: The interest rate will be fixed at an agreed percentage above the Bank of England Base Rate for the whole mortgage period and this will depend upon the loan amount. Your monthly re-payments will therefore be variable and can go up or down. You can borrow up to 70% of the value of your home and all Lifetime Trackers allow you to overpay by up to 10% without incurring a penalty charge, anything over the 10% will be charged an early re-payment fee if you pay off whole or part of the loan. Some products have an application fee.

Offset mortgage: This loan uses any savings you may have with Barclays (including mini-cash ISA) and offsets these against your mortgage, this effectively means that you are paying interest on a lower balance. There will be an application fee and the maximum loan amount is £200,000, you may borrow up to 70% of the value of your home. An early re-payment charge will become payable if you pay off the whole mortgage amount before the agreed period.

If you are interested in a mortgage quotation including those offered by the Woolwich please complete our quick enquiry form.