View more on these topics

Woolwich launches two-year flexible discount

The Woolwich has launched a two-year flexible mortgage with a discounted rate of 2.00% less than The Woolwich SVR.

The range of discounted mortgage products will be available from November 21 2003. The products have a current rate of 3.54% with no early repayment charges. Its current range of discounted products will continue to be available until November 19 2003.

The Woolwich will also continue to offer its two and five-year fixed rate mortgages.

Andy Gray, head of mortgages at The Woolwich, says: “This year we have seen mortgage rates reach historically low levels. However, in recent weeks we have seen rates rise. We are delighted we have been able to protect our fixed rate mortgages at their current levels.”

Recommended

Second charge loans to boom after regulation

The mortgage market could see a proliferation of second charge loans arranged by brokers come regulation, warns BM Solutions. Speaking at the Mortgage Expo seminar on non-conforming loans, Michael Bolton, director of mortgages at BM Solutions, highlighted that this increase could occur as brokers will not have to disclose procuration fees on these deals when […]

SMS unveils sixth brand vehicle

Solent Mortgage Services will unveil its sixth branded lending proposition at Mortgage Expo 2003 this week with the launch of Nelson Homeloans which will showcase products from Rooftop Mortgages. Key strengths of Nelson Homeloans include 2% discounts for one year on all products and high LTVs for remortgage and self-certification. Ian Balfour, sales and marketing […]

Broker appeals CCL decision

A Cheshire-based mortgage broker has appealed against the Office of Fair Trading&#39s decision to revoke his consumer credit licence application. Dominic Andrew Bardsley had his application revoked on August 8, but has appealed against the decision. His file has been referred to OFT head office and until the appeal is heard, his licence will be […]

Savills PF enhances illustrations to show effects of interest hikes

Savills Private Finance has responded to concerns about consumer debt by enhancing its mortgage illustrations to show the effect of potential interest hikes. The company has updated its computer system to provide would-be clients with standard illustrations for every mortgage proposal to show in pounds and pence what a borrower&#39smonthly loan repayments would be should […]

Newsletter

News and expert analysis straight to your inbox

Sign up