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Barclays – Woolwich Great Escape Two-Year Fixed

Barclays – Woolwich Great Escape Two-Year Fixed

Type: Fixed-rate remortgage

Fixed term: Until February 28, 2013

Fixed rate: 3.48%

Minimum loan: £50,000

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

Income multiples: Based on affordability

Arrangement fee: None

Redemption fee: 3% of the amount repaid in the first two years

Introducer’s fee: Refer to lender

Tel: 0845 070 1567


MPs are told banks are using account data to undermine IFAs

Conservative MP Mark Garnier has raised concerns that banks are unfairly using the data they hold about accountholders’ financial affairs to undermine IFAs. Speaking at a Treasury select committee session last week, MP for Wyre Forest Garnier said banks are using information about clients’ current accounts to target product sales. He said: “This data is […]


New lifetime allowance won’t come in until 2012

The Treasury will wait until 2012 to cut the lifetime pension allowance to give the industry time to work through the complexities of the change rather than pushing it through in 2011. In October, the Government confirmed plans to cut the lifetime allowance from £1.8m to £1.5m. The Treasury said it planned for the change […]


‘Where’s the cost-benefit analysis on axing FSA?’

The Government has failed to provide a cost-benefit analysis that justifies its plan to scrap the FSA in favour of a twin peaks regulatory system, according to the Small Business Practitioner Panel. Giving evidence to the Treasury select committee, panel chairman Guy Matthews said systemic risk could have been dealt with under an augmented FSA. […]


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