UK house prices were down 2.6% in value during November, representing an annual drop of 14.9% since last year according to new figures from the Halifax.
Woolwich is cutting its standard variable rate (SVR) by 0.5 per cent following the announcement that the Bank of England base rate will fall by 0.5 per cent.
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Woolwich is cutting rates on its fixed rate mortgages by as much as 0.35 percentage points as lower SWAP rates continue to benefit the fixed rate market.
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Woolwich is cutting the rates on its most popular Lifetime Tracker product in an effort to encourage customers to take advantage flexible fee free products at a time when many are sitting tight waiting for better news on short term fixed rates.
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The Woolwich has become the latest big lender to demand at least a 10% deposit from all new borrowers.
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Woolwich is launching (Thursday March 20, 2008) a new long-term fixed rate mortgage at 5.29 per cent for 10 years to help boost the availability of competitive longer term mortgages at a time when there is increased volatility in the mortgage market on an almost daily basis.
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Woolwich is cutting its standard variable rate (SVR) by the full 0.25 per cent following the Bank of England’s announcement that base rates will fall by a quarter per cent.
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Woolwich has launched a raft of lower fixed rate mortgages at rates as low as 5.59 per cent for its 10 year deal, 5.69 per cent for the five year fix and 5.89 per cent for the two year fix.
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From October 11, 2007 Woolwich is launching a new product to take advantage of any future drop in interest rates as many commentators expect during 2008.
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From Tuesday September 25th Woolwich is launching a raft of lower fixed rate mortgages at rates as low as 5.59 per cent for two and five year deals.
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Woolwich is launching a new ten year fixed rate mortgage at a market leading 5.59 per cent as long term swap rates have decreased markedly over the least week, and borrowers are increasingly looking for security in a volatile market.
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