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Lender gets on mortgage cut bandwagon
26 November 2008 15:53
Another prominent high street mortgage lender has cut rates on its range of mortgage products, it has been revealed.
Customers who take out a home purchase loan with Woolwich can now benefit from reductions to fixed-rate deals of up to 0.7 per cent, with interest payments now starting at 4.39 per cent.
What's more, the firm has launched a new Lifetime Tracker at 1.99 per cent above the base rate at 60 per cent loan-to-value with a £995 fee.
Head of mortgages for Barclays, Andy Gray, said that the company was always reassessing its portfolio of home purchase loans to make sure that its customers were getting the more suitable deal for their circumstances.
He added that such a policy was especially vital during times of economic turmoil, while allowing customers the choice of a secured fixed-rate or flexible base rate package was also an important factor.
More details of Woolwich's new range of mortgage products can be found at www.barclays.co.uk/mortgages
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