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Woolwich: Woolwich Lifetime Offset Tracker
Details
Type: Offset tracker mortgage
Tracker term: Life of loan
Tracker rate: 0.48% above Bank of England base rate
Payable rate: 5.23%
Minimum loan: pound 25,001
Maximum loan: Up to 80% of valuation subject to a maximum of pound 2m
Income multiples: Up to four times principal income plus second or three times joint
Arrangement fee: pound 595
Redemption fee: None
Introducer's fee: 0.5% of the original loan
Contact: www.woolwichintermediaries.co.uk
The Woolwich's Lifetime Offset Tracker is available for loans up to 80 per cent of valuation to a maximum of pound 2m. It tracks at 0.48 per cent above the Bank of England base rate for the life of the loan.
Belgravia Insurance Consultants consultant Paul White says: "Not so long ago, offset mortgages...