News

Woolwich are pleased to announce the launch of a comprehensive and competitive range of products with effect from Tuesday 9th March 2010.

The new range, detailed below, will offer you the chance to provide your clients with great choice whether they are looking for the security of a fixed rate, with fee or low fee options available, or the opportunity to benefit from lower rates with Tracker based products.

This range is expected to deliver volumes at a healthy capacity and ensure service is maintained.

Please see below for the key rates and dates for this Woolwich product launch.

What are they launching?

Tracker Rates

• Base +2.09% Lifetime Tracker, £1,499 fee, 60% LTV, Min Loan £200k
• Base +2.29% Lifetime Tracker, £999 fee, 60% LTV
• Base +2.79% Lifetime Tracker, £0 fee, 60% LTV, Min Loan £100k
• Base +2.79% Lifetime Tracker, £999 fee, 75% LTV, Max Loan £500k
• Base +3.29% Lifetime Tracker, £0 fee, 75% LTV, Min Loan £100k/Max Loan £500k

Offset Tracker Rates

• Base +2.39% Offset Tracker, £1,499 fee, 60% LTV, Min Loan £200k

Fixed Rates

• 3.79% 2 Yr Fixed Rate, £999 fee, 60% LTV
• 3.89% 2 Yr Fixed Rate, £199 fee, 60% LTV, Min Loan £100k
• 4.29% 2 Yr Fixed Rate, £999 fee, 75% LTV, Max Loan £500k
• 4.39% 2 Yr Fixed Rate, £199 fee, 75% LTV, Min Loan £100k, Max Loan £500k
• 4.49% 3 Yr Fixed Rate, £999 fee, 60% LTV
• 4.59% 3 Yr Fixed Rate, £199 fee, 60% LTV, Min Loan £100k
• 5.29% 5 Yr Fixed Rate, £999 fee, 60% LTV

What are they withdrawing?

Tracker Rates

• 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

Fixed Rates

• 3.99% 2 Yr Fixed Rate, £999 fee, 75% LTV, Max Loan £500k
• 4.09% 2 Yr Fixed Rate, £199 fee, 75% LTV, Min Loan £100k, Max Loan £500k

What is remaining?

All other products, including Buy to Let remain unchanged.

When is it happening?

Products withdrawn from sale/last KFI/last funds booking
Monday, 8 March, 2010

New product Range live
Tuesday, 9 March, 2010

Last application on withdrawn products*
Wednesday, 10 March, 2010

* MAX applications may be submitted up until 9pm Wednesday, 10 March, 2010, but no support is available after 5pm.