View more on these topics

Woolwich launches new mortgages for 2007

Woolwich is launching a new range of mortgage products for 2007.

The range includes a lifetime tracker that tracks at 0.01% for the first two years of the mortgage and then reverts to a lifetime tracker at 0.17% above base rate for the remainder of the term.

It has no early repayment charge and carries an application fee of 1,495.

The lender is also launching two fixed rates, including slashing its rate on the five-year fixed rate to 4.98% – 0.31% below its previous best five-year fix.

Woolwich will also be continuing its 10-year fix at 4.98% and a lifetime tracker at 0.17% above base rate.

Andy Gray, head of mortgages for Woolwich, says: These new Woolwich deals are amongst the 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 want to continue to offer long term fixed rates to allow customers to take any uncertainty out of their mortgage borrowings.

Recommended

N4 launches desktop AVMs

N4 Solutions has introduced desktop valuations via Hometrack as part of its mortgage point-of-sale software. The supplier of point-of-sale solutions says its desktop valuations will strengthen its position within the mortgage industry. The new functionality will be made available to all existing N4 customers and will be provided as standard for all new MPOS implementations.Steve […]

Salans appoints sales and marketing specialist

Salans, the brokers’ specialist conveyancer, has appointmed sales and marketing specialist Richard Carson to develop its customer base.Carson has over 20 years experience of the financial sector having worked for 17 years at the Market Harborough as marketing and branch operations manager. After leaving Market Harborough, he became general manager for business development at Mutual […]

Gove to head homeownership taskforce

The Conservative shadow housing minister Michael Gove is to lead a special taskforce to investigate how to help first-time buyers onto the property ladder through the extension of Community Land Trusts. Gove will assemble a team of lawyers, landowners, existing CLT pioneers, planners and local government leaders to explore what the current barriers are to […]

Holiday homes ease financial stress, says NatWest

A third of people who own a property abroad feel that their holiday home eases financial stresses throughout the year, reveals NatWest.In addition, a quarter of those asked feel it would reduce the sheer stress of arranging holidays.Research from the lender found that a third of Brits have seen their holidays ruined on arrival by […]