Woolwich
The Woolwich is a former building society that became a part of Barclays Group in 2000. Since 2006, Woolwich basically is the Barclays mortgage brand.
Woolwich was always a big UK mortgage lender and it's currently the 7th largest residential supplier in the country. In 2007 the bank won a Moneywise Mortgage Award as the best provider of Lifetime Tracker mortgages.
Woolwich also makes the most of the Barclays banking connection with its Openplan Mortgages – an offset mortgage which combines your home loan with your savings and bank account.
At any point, you can get unbiased advice on Woolwich and dozens of other British mortgage lenders. Use the enquiry form on the right to speak to an adviser.
Woolwich Mortgage Deals
Woolwich offers a wide range of mortgages – including the following kinds:
Fixed rate: Woolwich has announced new 3-year fixed rate deals for mortgages up to 70% Loan To Value ratio. This comes with £999 in fees. Woolwich also offers 5-year fixes for homeowners with 70% and 80% loan-to-value, again with £999 in fees.
Trackers: are available for first time buyers, home movers and remortgages alike, with rates that track the Barclays Base rate for the life of the mortgage - fine you're not worried what might happen to repayments if interest rates rise.
The Woolwich Offset Mortgages, including the Openplan, offset your savings or current account balance and mortgage borrowings against one another. The idea is for borrowers to end up paying less interest on the mortgage, allowing you to repay the debt more quickly. These products are a bit more complex, and have an application fee attached. A mortgage adviser will help you make sense of these products, showing you the calculations required to find out how much you will save.
Choosing A Woolwich Mortgage
The quickest way to find out if Woolwich mortgages are really your best deal is by speaking to an FSA-authorised mortgage adviser. You can do that via the enquiry form on this page.
An adviser will be able to give you quotes, comparisons to other lenders, and general advice without charging a fee. There's no obligation whatsoever. So if you are planning to get your mortgage in the next 3 months, use the short 1-minute enquiry form to get unbiased mortgage advice via a free call back.
(Or if that mortgage is a little further away in your plans, you can still use our mortgage calculator to help work out those repayments).