View more on these topics

Woolwich launches new Open Plan mortgage range


The Woolwich has launched a new range of Open Plan mortgages.


Open Plan is a range of flexible mortgages which allow overpayment/underpayment and borrowing against capital already built up.


The range includes a two year fixed rate until August 1, 2001 at 5.85 per cent up to 90 per cent loan to value. A five year fixed at 5.65 per cent until August 1, 2004 is also available up to 90 per cent loan to value.


There is a one year discount of 2.55 per cent of the standard variable rate of 6.54 per cent up to 90 per cent loan to value.


Redemption penalties for the two year and five year fixed rates are six months&#39 interest during the fixed term at either the standard variable rate or fixed rate whichever is the higher.


For the discount loan the redemption penalty is six months&#39 interest at SVR for the first four years.


All the loans have a £295 application fee.

Recommended

MGM Assurance appoints head of training

MGM Assurance has appointed Mark Scott as head of sales training.Scott joins the life office from Standard Life where he previously managed its London training centre. He has also worked as a field operations manager and IFA account manager.His responsibilities will include helping the companies agents comply with training and competency requirements. Also in line […]

Colonial First State appoints head of UK equities

Colonial First State Investments has appointed Meg Woods as its head of UK equities.Woods joins the fund manager from Sun Life of Canada where she was head of global equities. Prior to that Woods was at James Capel Fund Managers where she specialised in Asia Pacific markets.She will report to Colonial&#39s chief investment Mark Burgess.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment