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Woolwich extends rapid re-mortgages to advisers

The Woolwich rapid re-mortgage campaign is being extended to intermediaries with a guaranteed decision on behalf of their client within four hours.


Ten thousand marketing packs for the deal have been sent out, offering a discounted rate of 6.2 per cent for two years and a fixed rate of 6.69 per cent for two years.


Under the new system application forms are replaced by a one page questionnaire about the client filled in by the IFA and then faxed to The Woolwich.


Senior product development manager Andy Gray says: “Research has shown that more has 40 per cent of borrowers are reluctant to re-mortgage, even if it means saving money, simply because they think it is going to be difficult, expensive and take too long.”

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