Barclays and Woolwich to reward mortgage loyalty

21 January 2005
A re-mortgage made to reward current customers has been released by Barclays and The Woolwich.

The new product is available at 4.99 per cent for a two-year fixed rate deal (with £100 application fee and maximum loan to value of 75 per cent).

A 4.99 per cent two-year fix deal is also available tof up to 95 per cent loan to value, but with a £295 application fee.

Both offers include a free non-disclosed valuation and either free legal fees or £300 cash back.

The deal is also open to new customers.

Andy Gray, head of mortgages for Barclays, commented: "This market leading remortgage product is exclusively available to our 14 million existing customers.

"Unlike other mortgage lenders we provide great deals for existing customers rather than saving the best deals to attract new ones.

"Our customers will be able to take advantage of one of the best deals on the market, despite being a fixed rate deal it is more competitive than most discount rates available."

To check out some of the best fixed-rate mortgage deals, click here.
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