The Woolwich are launching two new mortgage products to reach both the upper and lower segments of the mortgage market. The two products are aimed at the first-time buyer sector, and the large loans sector.
The larger loans mortgage, sometimes called a VIP mortgage, is pitched at those borrowers who are looking for between £500,000 and £2 million mortgages . This type of loan will extend to 85 per cent of property value, and track the base rate. Because of the size of the loan it attracts an arrangement fee of almost £2,000.
The First-time buyer loan is a two-year fixed-rate mortgage set at 6.29 per cent, and a tracker at base rate plus 0.95 per cent.
The head of mortgages at the Woolwich, Andy Gray, reportedly commented: "First time buyers are looking for complete stability if rates continue to rise and consumers taking out larger loans are looking for a competitive rate combined with the ultimate flexibility to enable them to reduce their mortgage as and when they receive large payouts such as bonuses."
Woolwich launching dual mortgage loans
Mortgage Quote Line
0845 108 0505
Woolwich launching dual mortgage loans
Thu, 30 Aug 2007
Recommended links
Quick mortgage enquiry formIntroduction to mortgages for first-time buyers
Mortgage payment protection insurance
Mortgage calculator
Mortgage fees and costs
Interest rates influence mortgage levels
Fixed-rate mortgages good for first-time buyers
Woolwich Mortgages
Mortgage Lenders
Mortgage Calculators
Woolwich reveals new mortgage offerings
Woolwich changes buy-to-let mortgage rates
Market-leading fixed-rate mortgage launched by Woolwich
Woolwich launches ten-year fixed-rate mortgage
Woolwich cuts rate on tracker mortgage
Woolwich lowers offset mortgage rate
Woolwich helps first timers buy
New fast-track mortgages from Woolwich
Woolwich offset mortgage highly competitive, company claims
Woolwich expands mortgage range
Woolwich revamps buy-to-let mortgage range
Woolwich revives lifetime tracker mortgage
Woolwich release new buy to let mortgage
Bank blunder affects mortgage loans
John Charcol offers new mortgage deal for large loans
Mortgages climb as unsecured loans fall
Seven times salary mortgage loans
Self-build mortgage loans
Standardised mortgage rates at UCB Home Loans
Large mortgage loans may not be best deals
Find a remortgage with Pink Home Loans
Mortgage rates increased at UCB Home Loans
Mortgage lender unveils specialist home loans
Rates dropped for first direct new loans
The elderly are taking out loans to retire
UCB Home Loans expands into poor credit mortgage market
More buy-to-let mortgage deals from UCB Home Loans
Short-term mortgage loans becoming obsolete
UCB Home Loans offering free valuations to mortgage applicants
Preferred poor credit mortgage rate with em-homeloans
Mortgage loans set to climb above 1 trillion pounds
Pints of milk, personal loans and a new home at your local supermarket
Pink Home Loans offers exclusive mortgage
UCB Home Loans launch new three-year flexible tracker mortgage
| mortgages news |
|---|
| Higher mortgage repayment levels - Fri, 03 Jul 2009 |
| Commercial mortgages begin to open up in London - Fri, 03 Jul 2009 |
| Mortgage rescue scheme to improve - Fri, 03 Jul 2009 |
| More News |
Mortgage Rates by Lender 
Worried about Mortgage Repayments?
- Join our petition to Government to bail out burdened individuals, not just banks.
Free Mortgage Quote
Mortgages in Scotland
Equity Release
Switching Mortgages
Home Reversion Plans
Commercial Mortgages Arrears & CCJs?
Remortgages- Sub prime mortgages
- Arrears, CCJs
- Self certification
- Debt consolidation
Protect Your Mortgage