Woolwich launches new mortgage range through mortgage club

20-Oct-2006

Potentially of interest to first time buyers, Woolwich has announced the launch of two new mortgage products.

Available exclusively through Legal & General mortgage club, first time buyers and repeat purchasers may be interested in the new open-plan tracker; potential landlords may find the three-year buy-to-let package an attractive option.

The open-plan tracker comes with an initial interest rate of 5.14 per cent, available with a loan-to-value (LTV) of up to 90 per cent and no arrangement fee or early redemption charge.

Woolwich's buy-to-let tracker option is currently available at 5.14 per cent, before reverting to the Base Rate plus 0.95 per cent after the initial three-year discount period has lapsed.

The mortgage is available with a maximum LTV of 75 per cent and carries an arrangement fee of £195.

Established in 1995, Legal & General Mortgage Club offers a number of exclusive mortgage packages from a range of companies within the sector.

To find out more about all the different and creative and innovative mortgages designed specifically for first time buyers click here.

For our first time buyers guide to buying a property click here.

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