Woolwich announce 2 year fixed rate mortgage product withdrawal.
Various 2 year fixed rate mortgage deals have been withdrawn by the Woolwich due to an increase in product demand.
The lender has advised that their 2 year fixed rate mortgage products have been withdrawn in an effort to strike a balance between offering competitive products and consistent service.
Their 2 year fixed product withdrawal covers both new house purchase and remortgage and includes:
2 year fixed mortgage rate at 3.74 per cent for deals at 70 per cent LTV.
2 year fixed mortgage rate at 3.49 per cent for deals at75 per cent LTV.
2 year loyalty fixed mortgage rate at 3.74 per cent for deals at 75 per cent LTV.
Whether the Woolwich will re-launch new 2 year fixed products in their place and if any new rates offered will be at a higher level is unknown, we will just have to wait to see.
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We offer independent mortgage advice and can source a highly competitive 2 year fixed deal on your behalf from such lenders as Halifax, Virgin Money and Nationwide.
Contact our impartial advisers today for the best 2 year fixed rate mortgage deals on offer.
