Woolwich mortgages

Woolwich mortgage is a division of Barclays Bank plc, and has a range of mortgage products to cover first-time buyers, moving home, remortgages and buy-to-let mortgages.

The lender also offers a mortgage reserve that acts as an overdraft enabling you to make the necessary investments in your home-life. For those looking to buy abroad, Barclays buying abroad can help with what can be a daunting process and covers Europe, Dubai, South Africa and more.

*Top Woolwich mortgage deal*

The 80 per cent LTV range of Woolwich mortgages recently saw their rates cut; the two year fixed rate mortgage being cut 0.21 per cent to 4.38 percent, and the three year and five year deals being cut by 0.10 per cent to 4.79 and 5.49 respectively.

What's more, Barclays also introduced a 'drop-lock' facility for new mortgage customers. This gives borrowers who initially choose a tracker or offset mortgage the chance to switch to a fixed rate deal in the future, without incurring any early repayment charges. This is an excellent option for borrowers looking for more stability once the Bank of England Base Rate looks likely to increase again.

See below for more details of mortgage deals.


































































































 

Mortgages News

Mortgage lending in April at highest level for five years

The CML reports mortgage lending went up by 4.3% in April

The Council of Mortgage Lenders (CML) reports mortgage lending went up by 4.3 per cent in April compared to March and by 22 per cent compared to April 2012.

London and the south-east drive up house prices

House prices went up by 2.7% in March, according to the ONS

The Office for National Statistics reports a 2.7 per cent rise in house prices driven by growth in London and the south-east.

Average prices for UK homes reach new record high of £250,000

Asking prices rose for the fifth consecutive month, according to Rightmove

According to property website Rightmove, asking prices for homes in the UK have reached £249,841 and over £500,000 in London, the best start to a year since 2004.

Sir Mervyn King warns against "demonising" bankers

Sir Mervyn King has warned that the Help to Buy scheme is risky

The Governor of the Bank of England, Sir Mervyn King has warned that the Help to Buy mortgage scheme unveiled by George Osborne in his budget must not become permanent.

Bank of England lowers inflation and raises growth forecast

The Bank of England issued its latest quarterly inflation report today

The Governor of the Bank of England, Sir Mervyn KLing presented his final quarterly inflation report today and was able to present lower inflation and higher GDP forecasts.

Demand for new homes at highest level since 2009, says RICS

RICS says Help to Buy is supporting UK property market

The Royal Institution of Chartered Surveyors reports rising demand for new homes and increased house prices from its surveyors helped by government initiatives such as Help to Buy and the FLS.

CML reports first-time buyer floodgates opened in March

The number of first-time buyers entering the property market is increasing

The Council of Mortgage Lenders reports that the number of first-time buyers entering the mortgage market went up by 20 per cent in March.

Mortgage debt burden fell after financial crash, says ONS

Mortgage debt became less of a burden after the crash, says the ONS

A new report by the Office for National Statistics shows that people's mortgage debt burden dropped after the financial crash due to the Bank of Eng;and's policy on interest rates.


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