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Barclays – Woolwich Great Escape Lifetime Tracker

Barclays – Woolwich Great Escape Lifetime Tracker

Type: Tracker remortgage

Tracker term: Life of loan

Tracker rate: 2.48% above the bank base rate

Payable rate: 2.98%

Minimum loan: £50,000

Maximum loan: Up to 75% of valuation subject to a maximum of £1m

Income multiples: Based on affordablity

Conditions: Free legal fees, free valuation, £300 cashback, switch and fix feature allowing borrowers to switch to a Woolwich fixed rate without penalty

Arrangement fee: None

Redemption fee: 1% of the amount repaid until February 28, 2013

Introducer’s fee: Refer to lender

Tel: 0845 070 1567



Ascentric announces new charging structure

Ascentric has launched a new charging structure aimed at making it more competitive for advisers placing lower value cases on the platform. The firm will charge £60 plus 0.15 per cent for funds up to £60,000, compared to the current charge of 0.25 per cent. A 0.25 per cent platform charge will apply on the […]

Irish Govt set to nationalise Bank of Ireland

The Irish Government is preparing to take a majority stake in the Bank of Ireland. It means Ireland is left with no big, independent lender. The increased Government stake is part of the talks surrounding the bailout package from the European union and the International Monetary Fund, according to the Financial Times. The package, which […]

Making good

It has been a volatile year for commodities and there have been some wild swings in prices. Since May, however, markets have calmed down slightly and resumed their ascent. The Goldman Sachs commodity spot index has risen more than 20 per cent from its low point this year. A key contributor has been the fall […]

The Downsizing Delusion: Why relying exclusively on your home to fund your retirement may end in tears

By Steve Webb, director of policy The British obsession with homeownership can have dangerous consequences. A recent survey by Barings¹ found that up to three million people of working age were planning to rely wholly on the value of their home to fund their retirement. We are not talking about people investing in buy-to-let or […]


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