Northern Rock and Woolwich Cut Rates

Fast ANY PURPOSE Finance....
Secured and Unsecured Personal loan & Debt Consolidadtion Loans

Secured Loans

Debt Consolidation Loan

Bad Credit Loans

Personal Loans

Personal Car Loans

Unsecured Loans

Mortgages

Other Links

Glossary

Articles Index

Northern Rock and Woolwich Cut Rates

Northern Rockand Woolwich are the latest companies to cut interest rates on their mortgage range.
Northern Rock is also increasing the LTV for its best rate mortgage from 65% to 70%, reducing its rates and also cutting the £995 arrangement fee for all residential purchases, but not remortgages, to £595. The cheapest two-year fixed rate mortgage they have for purchases dropped by 0.34% from 4.09% to 3.75%. They also made a 0.5% cut to its two-year buy to let (BTL) fixed rates. The rate to 60% LTV is down to 5.49% and the rate to 70% to 6.09%, both with an unchanged, massive 2.5% fee.
The Woolwich today launched two new best buy tracker mortgages as it continued to look at expanding its share of the existing mortgage market. The company is reducing its lifetime tracker for people with at least a 30% deposit by 0.45% to 2.79%. The deal, which charges a £999 fee and has early redemption penalties for the first two years, is the lowest available for home owners looking to borrow up to 70% of the value of their home. The group, which is part of Barclays, also launched a lifetime fee-free tracker mortgage at 3.19%, also for people with a 30% deposit.
Tracker mortgages are becoming increasingly popular with consumers as economists predict the Bank of England base rate will remain low for longer than previously thought. They are also generally lower than fixed rate deals at the moment.

Loans are subject to status. Loans are secured on property. Written quotations are available upon request.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBTS SECURED ON IT. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.

classloans.co.uk is a licensed consumer credit broker - Consumer Credit Licence No 566793
Office of Fair Trading & Data Protection Registrar.