Barclays to invest more in Woolwich products

Barclays has admitted that it needs to invest more into its mortgage products through The Woolwich brand next year.

The bank recently decided to bring its entire mortgage processing inhouse and will also count service as a key priority for 2006. It hopes the decision to take control of its mortgage operations from product development onwards will help support its service aims.

David Finlay, intermediary business director at Barclays, says: “Bringing our mortgage processing inhouse is a major step forward. During the last few years we have not invested enough in our mortgage products. But when you look historically at The Woolwich as an intermediary mortgage brand, it has always been strong.”