News

In recent weeks Woolwich have had very strong support for their trackers and fixed rates with the low and zero fee products proving particularly popular. While the current range has been very successful in driving a high volume of applications, they have come under increasing competitive pressure on higher value loans. To ensure they continue to offer the complete range of zero fee and low fee products while being more competitive on loans over £200,000 Woolwich are making the following changes to the range which will take effect from Thursday, 18 February, 2010.

What are they launching?

Tracker Rates

• Base +2.09% Lifetime Tracker, £1,499 fee, 70% LTV, Min Loan £200k
• Base +2.29% Lifetime Tracker, £999 fee, 70% LTV
• Base +2.79% Lifetime Tracker, £0 fee, 70% LTV, Min Loan £100k
• Base +2.49% Lifetime Tracker, £999 fee, 75% LTV, Max Loan £500k
• Base +2.99% Lifetime Tracker, £0 fee, 75% LTV, Min Loan £100k/Max Loan £500k

Offset Tracker Rates

• Base +2.39% Offset Tracker, £1,499 fee, 70% LTV, Min Loan £200k

Fixed Rates

• 3.89% 2 Yr Fixed Rate, £199 fee, 70% LTV, Min Loan £100k
• 4.09% 2 Yr Fixed Rate, £199 fee, 75% LTV, Min Loan £100k
• 4.59% 3 Yr Fixed Rate, £199 fee, 70% LTV, Min Loan £100k

What are they withdrawing?

Stepped Lifetime Tracker

• Base +1.48% 1 Yr Stepped Lifetime Tracker, £999 fee, 60% LTV

Tracker Rates

• Base +2.13% Lifetime Tracker, £999 fee, 70% LTV
• Base +2.49% Lifetime Tracker, £0 fee, 70% LTV, Min Loan £50k
• Base +2.39% Lifetime Tracker, £999 fee, 75% LTV, Max Loan £500k
• Base +2.69% Lifetime Tracker, £0 fee, 75% LTV, Min Loan £50k/Max Loan £500k

Offset Tracker Rates

• Base +2.47% Offset Tracker, £1,499 fee, 70% LTV, Min Loan £150k

Fixed Rates

• 3.89% 2 Yr Fixed Rate, £199 fee, 70% LTV, Min Loan £50k
• 4.09% 2 Yr Fixed Rate, £199 fee, 75% LTV, Min Loan £50k
• 4.59% 3 Yr Fixed Rate, £199 fee, 70% LTV, Min Loan £50k

What is remaining?

All other products, including Buy to Let, remain unchanged.

When is it happening?

Products withdrawn from sale/last KFI/last booking
Wednesday, 17 February, 2010

New products live
Thursday, 18 February, 2010

Last application on withdrawn products*
Friday, 19 February, 2010

* MAX applications may be submitted up until 9pm Friday, 19 February, 2010, but no support is available after 5pm.