The Woolwich is extending its range of fixed rate and discounted mortgages with the addition of thre...
The Woolwich is extending its range of fixed rate and discounted mortgages with the addition of three new flexible mortgages.
Added to the Woolwich range of mortgage products are a flexible mortgage with a five year fixed rate of 4.49%, a flexible mortgage with a 2.20% discount for two years and an initial rate of 3.59%, as well as a flexible mortgage with a 3.99% two-year fixed rate deal.
These loans are available at up to 95% LVT, with a maximum advance of 90% on remortgages and current account loans carrying a reserve facility.
The Woolwich's standard variable rate is currently 5.79% and the redemption penalty for cashing in early is six months' interest calculated on the present standard variable rate.
"With interest rates at an historic low now is a great time to take advantage of discounted rates, especially for those looking to remortgage to cut their monthly costs," says Andy Gray, head of mortgages at the Woolwich.
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