Woolwich mortgages appeal to both ends of the market
Woolwich has introduced new mortgages it expects to appeal to both existing mortgage customers and first time buyers.
First-time buyers can opt for Woolwich’s new 2 year fixed rate mortgage with a rate of 6.29%, which reverts to 0.95% above the base rate.
People interested in a larger mortgage could opt for the option available for up to 85% of the property price worth up to £2 million. This mortgage tracks above the base rate by 0.17%
The Woolwich head of mortgages Andy Gray said: “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.”

