Spotlight: Woolwich 80% two-year mortgage
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.There's been more activity in the mortgage market. Woolwich, Barclays' lending arm, has cut its fixed rates by up to 0.6 percentage points.
Among Woolwich's new suite of fixed rates is a two-year deal at 5.49 per cent, available for loans up to 80 per cent of the property's value. It was previously priced at 5.99 per cent. It is available to purchasers and those remortgaging and there is a £999 arrangement fee.
Of the largest mortgage lenders, this is the leading two-year fix at 80 per cent, but it is beaten by Loughborough and Manchester building societies. Loughborough has a two-year deal at 4.75 per cent with a £475 arrangement fee, while Manchester's two-year fix has a rate of 4.99 per cent. The fee on this mortgage is £999.
If you're happy to take a gamble and go for a variable rate mortgage, NatWest has a two-year tracker at 2.99 per cent that is available for loans up to 80 per cent. The arrangement fee is £799.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments