Barclays / Woolwich recommences 90% mortgages

We are pleased to announce that Barclays / Woolwich are again able to offer mortgages for both residential purchase and remortgage applications up to 90%. This now means that even more customers will be eligible to take out a mortgage with a 10% deposit or 10% equity in their property.

We are told that:
The maximum loan size will be £500,000.
The maximum LTV continues to be 85% for new build properties, shared ownership and shared equity schemes and right to buy.
For re-mortgages above 80% there must be no element of capital raising as per current policy.
For purchases, the products will be available to both home movers and first time buyers.

This has to be good news in that it adds to competition at this end of the market. Barclays / Woolwich currently has a policy that ensures no dual pricing; so the same deals are available via brokers or in branch, as indeed are their "loyalty" deals for existing Barclays current account holders.

Useful Guides for First Time Buyers and Re-mortgagors

Nationwide Building Society in recognising that over 50% of it's new customers have sought independent advice has  just published two guides.

They provide a lot of background information that we hope you might find useful.

http://www.nationwide-intermediary.co.uk/content/literatureanddownloads/buyer-guides.aspx?dm_i=5KB,JWRC,W6ZG8,1M9GN,1

If you want to download a copy or any pages, they are available in PDF format.

1.99% Fixed until 31st December 2013!

Yes, this is the lowest 2 year fixed rate I can remember and is subject to a Booking Fee of only £199. Available up to 70% Loan to Value with 10% overpayments.

Rate launches today, so if you don't want to miss out, then give us a call NOW on 020 8652 9944!