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Woolwich – City Mortgage

Woolwich

City Mortgage

Type: Discounted rate offset tracker mortgage

Discounted term: Until June 30, 2007

Discount: 1%

Payable rate: 4.24%

Tracker term: Lifetime of loan

Tracker rate: 0.49% above Bank of England base rate

Minimum loan: £500,000

Maximum loan: Up to 85% of valuation subject to a maximum of £2m

Income multiples: Based on affordability

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

Arrangement fee: £1,499

Redemption fee: None

Introducer’s fee: Refer to lender

Tel: 0845 070 1567

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