Barclays is reducing rates on its Woolwich mortgages (80 per cent LTV) by up to 0.21 per centage points from Thursday 29th July and at the same time introducing a drop lock facility for all new mortgage customers.
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Barclays is reducing rates on its Woolwich mortgages by up to 0.70 per cent from Wednesday 23 June, in what it describes as a further commitment to the higher loan to value borrowing.
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Barclays, through its mortgage arm Woolwich, has launched a market-leading mortgage offer for up to 90 per cent loan to value (LTV) available for people purchasing a new home with one of Britain’s leading housebuilders, Bovis Homes, as part of efforts to help stimulate the new-build market in a sustainable way and provide affordable mortgages for consumers with low deposits.
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June 1, 2000 was the day that Woolwich mortgages changed borrowers mortgage habits by putting the UK’s first offset mortgage out to market and it’s saved our borrowers more than £1bn in mortgage interest.
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Woolwich mortgages from Barclays will make substantial cuts on its tracker and fixed rate range by an average of 0.30% with the largest reductions happening on 75% loan to value.
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In its sixth rate reduction in a row, Woolwich is reducing rates on its tracker range by up to 0.20 percentage points.
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Following the announcement that the base rate will be reduced by 0.5 percentage points, Barclays announces that it will be protecting all of its savings customers by holding their rates unchanged, whilst the vast majority of its mortgage and Local Business customers will benefit from the reduction.
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