Woolwich BS cuts mortgage rates
Thu, 22 Oct 2009
The Woolwich building society has announced further rate reductions on many of their fixed rate mortgages, with some shedding 0.5%.
The Woolwich now offer a 2 year fixed rate deal at 5.49% at a loan to value ratio of 80% and £999 in fee’s, down half a percent. Similarly their 2 year fixed rate at 70% loan to value is being offered at a rate of 3.89% and £499 in fees.
The pricing still shows a concern for risk, with those offering a 30% deposit seeing significantly lower rates and fees.
The hopeful among you will be looking for similar reductions from other big name lenders.