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Aug 24, 2006
Woolwich has reintroduced its lifetime
tracker mortgage product guaranteed to stay at just 0.19 percent above the
current Bank of England base rate of 4.94 percent. With no arrangement and no
redemption penalties, Woolwich says the product competes well versus other
mortgages, with the majority of short term fixed rate mortgages peaking above
five percent.
The following are the key features of the
0.19 percent lifetime tracker:
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Tracks base rate at
+0.19 percent and has no arrangement fees or tie-ins
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Customers switching
from another lender can use Woolwich Switch & Save package with no
valuation or legal costs
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Maximum flexibility:
overpay, underpay & payment holidays
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Available to all
existing and new customers; with no fees to pay 80 percent loan to value
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Minimum loan size of
£50,000
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