UK loan and mortgage news from UK loan broker - More4 Loans.
06/10/2009 - Woolwich cuts tracker rate to 2.79%
Woolwich has cut the rates on one of its signature tracker mortgage deals to 2.79%, making it the third rate reduction from the lender in two months. The rate has been reduced by 0.45% to Bank of England base rate plus 2.29% and is available at 70% LTV with a £999 fee and a 1% early repayment charge for two years. Woolwich is also launching a fee-free tracker at 3.19%, or Bank base rate plus 2.29%, with the same 70% LTV and 1% ERC.
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