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The Woolwich – Lifetime Offset Tracker

The Woolwich

Lifetime Offset Tracker

Type: Offset tracker mortgage

Tracker term: Life of loan

Tracker rate: 0.59%

Payable rate: 5.09%

Minimum loan: : 25,001

Maximum loan: Up to 95% of valuation subject to a maximum of 500,000, up to 80% of valuation subject to no maximum

Income multiples: Up to four times principal income plus second or three times joint

Flexible features: Overpayments, underpayments, payment holidays, lump sum interest calculated daily, offset feature

Conditions: Free valuation and free legal fees for remortgages under switch & save package

Arrangement fee: 445

Redemption fee: None

Introducers fee: Refer to lender

Tel: 0845 0701567

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Guide: day-to-day tasks ​— can your system manage?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. As well as highlighting what is required from a system to ensure it is up to the tasks, an overview of the following is also provided: data validation; data categorisation; employee communication; opt-in process; opt-out process; produce contribution schedule; contribution reconciliation process; upload of member data to pension provider; upload contribution to pension provider; manage salary sacrifice process; enrolment process; re-enrolment process; and management of increased employee queries.

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