Woolwich Mortgages
Woolwich – a multi award winning mortgage provider – offers a wide range of products at competitive rates.
Offset mortgages
Linking your savings or current account to your mortgage could save thousands of pounds in interest and reduce your mortgage term. You won’t pay tax on your savings, as they won’t be earning interest, and you can still access them when you need to. Of course, accessing your savings may increase your mortgage term or monthly repayments.
Call us to discuss your options:
0845 677 99971
If you prefer, we can call you back at a time that suits you.
Your home may be repossessed if you do not keep up repayments on your mortgage.
As seen on:
Our mortgages
| Product | Initial interest rate | Follow-on interest rate | The overall cost for comparison is | Application fee | How much could I borrow? | Early repayment charge |
Fixed Rate |
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| 2 Year Fixed | 3.09% | 3.89% (BBBR + 3.39%) | 3.9% APR | £999 | 60% (max) of the value of your home | 3% of the balance repaid until 28 Feb '14 |
| 2 Year Fixed, Barclays loyalty ** | 3.09% | 3.89% (BBBR + 3.39%) | 3.9% APR | £499 | 60% (max) of the value of your home | 3% of the balance repaid until 28 Feb '14 |
| 3 Year Fixed | 3.69% | 3.89% (BBBR + 3.39%) | 4.0% APR | £499 | 60% (max) of the value of your home (Minimum £25,000) | 3% of the balance repaid until 28 Dec '14 |
| 3 Year Fixed Barclays loyalty ** | 5.99% | 3.89% (BBBR + 3.39%) | 4.6% APR | £0 | 90% (max) of the value of your home (Minimum £25,000, Maximum loan £500,000) | 3% of the balance repaid until 28 Feb'15 |
| 3 Year Fixed | 5.99% | 3.89% (BBBR + 3.39%) | 4.6% APR | £499 | 90% (max) of the value of your home (Minimum £25,000, Maximum loan £500,000) | 3% of the balance repaid until 28 Feb '15 |
| 5 Year Fixed, Barclays loyalty mortgages | 4.29% | 3.89% (BBBR + 3.39%) | 4.2% APR | £499 | 60% (max) of the value of your home | 3% of the balance repaid until 28 Feb '17 |
| Great Escape, 2 Year Fixed – Remortgage Only | 3.94% | 3.89% (BBBR + 3.39%) | 4.0% APR | £0 | 80% (max) of the value of your home (Minimum loan £50,000) | 3% of the balance repaid until 28 Feb'14 |
| 10 Year Fixed | 4.99% | 3.89% (BBBR + 3.39%) | 4.9% APR | £1,499 | 70% (max) of the value of your home (Minimum loan £50,000) | 6% of the balance repaid up to 28.2.19 and 3% from 28.2.19 to 28.2.22 |
Tracker |
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| Tracker Barclays loyalty** | 3.19% (BBBR + 2.69%) variable for the term * | 3.89% (BBBR + 3.39%) variable for the remaining term of the mortgage* | 3.9% APR | £499 | 60% (max) of the value of your home | 1% of the balance repaid until 28 Feb '14 |
| Lifetime Tracker | 3.69% (BBBR +3.19%) variable for the term * | N/A | 3.8% APR | £999 | 70% (max) of the value of your home | 1% of the balance repaid until 28 Feb '14 |
Offset |
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| Lifetime Offset Tracker | 3.69% (BBBR + 3.19%) variable for the term* | N/A | 3.9% APR | £1499 | 70% (max) of the value of your home | 1% of the original balance upon full redemption until 28 Feb '14 |
Buy to Let |
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| 2 year fixed | 3.98% until 2 June '14 | 4.99% (BBBR + 4.49%) variable for the remaining term * | 5.1% APR | £3,999 | 60% (max) of the value of the property (Minimum loan £250,000, Maximum loan £1m) | 6 months interest at the BTL SVR or fixed rate whichever is higher until 2 June '14 |
What does an offset mortgage mean to you?
Watch our short videos and use our Offset Mortgage Illustrator to get the information you need.
- Find out how an offset mortgage works and how it could benefit you.
- Learn how our customers have potentially saved thousands of pounds.
- Find out if an offset mortgage is the right option for you.
How much could you borrow?
Mortgage features
- Fixed rate mortgage – could be good if you want to know how much you'll be paying each month
- Offset mortgage - could be good if you want the opportunity to pay off your mortgage earlier
- Tracker mortgage - A tracker mortgage could be ideal if you want a mortgage that moves in line with Barclays Bank Base Rate (BBBR)
- Buy to let mortgage – could be good if you want to rent out your home
Important information
1. Opening hours Monday to Friday 9am-8pm, Saturday 9am-2pm. Calls may be recorded for training or monitoring purposes.
Read our call charges and information
.
2. Barclays Bank Base Rate typically follows the Bank of England Base Rate but it is not guaranteed to do so. The Bank of England Base Rate can go up or down and is announced by the Bank of England's Monetary Policy Committee every month.
This information must be read in conjunction with our
legal Information
. A written personalised Key Facts Illustration is available from any Woolwich or Barclays branch or the
Woolwich
website, or call us on the number above.
3. Barclays Bank PLC. Registered in England. Barclays Bank is authorised and Regulated by the Financial Services Authority (FSA), Registered No 1026167. Registered Office: 1 Churchill Place, London, E14 5HP. "The Woolwich" and "Woolwich" are trademarks of Barclays Bank PLC. Buy to Let is not regulated by the FSA.
4. Subject to status and availability. To qualify for Barclays loyalty mortgages, customers must have an open and active Barclays personal current account that has been credited with a minimum of £800 in each of the last three months. Customers must be 18 years or over to apply for a mortgage.
* BBBR =
Barclays Bank Base Rate
which is currently 0.50%
(effective 6 March 2009)
** Subject to status and availability. To qualify for Barclays loyalty mortgages, customers must have an open and active Barclays current account that has been credited with a minimum of £800 in each of the last three months. Customers must be 18 years or over to apply for a mortgage.
