Woolwich Offset Mortgages

Latest Deal - NatWest 2 Year Fixed »NatWest Mortgages

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1.19%Reverts to 3.75% after 2 years


Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term. Early redemption charges may apply.

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed

1.19%

Reverts to 3.75%

2

Years

60%

YesMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.
Fixed

1.37%

Reverts to 4.24%

3

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.60% APRC. This is the cost of the mortgage over the full term.
Tracker

1.59%

Reverts to 3.75%

2

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.
Fixed

1.59%

Reverts to 4.70%

2

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.30% APRC. This is the cost of the mortgage over the full term.
Tracker

1.82%

Reverts to 3.75%

2

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.
Fixed

1.73%

Reverts to 3.75%

5

Years

60%

YesMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.10% APRC. This is the cost of the mortgage over the full term.
Fixed

1.73%

Reverts to 3.75%

5

Years

60%

YesMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.20% APRC. This is the cost of the mortgage over the full term.
Fixed

1.79%

Reverts to 4.24%

5

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.20% APRC. This is the cost of the mortgage over the full term.
Fixed

2.49%

Reverts to 4.70%

2

Years

80%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.30% APRC. This is the cost of the mortgage over the full term.
Fixed

2.88%

Reverts to 3.75%

2

Years

85%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.
Fixed

2.94%

Reverts to 3.69%

10

Years

80%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.20% APRC. This is the cost of the mortgage over the full term.
Fixed

4.33%

Reverts to 3.75%

2

Years

95%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.

Representative Example:


A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.


The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).


In this example the overall cost for comparison is 3.7% APRC representative.


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Woolwich offset mortgage deals are provided through Barclays bank, advertising reducing interest rates with shorter mortgage terms.

 

An offset mortgage from Woolwich may be particularly suitable for customers who have a significant amount of money stored in a savings account. If you do not already have a Barclays current or savings account, it may be worth considering switching banks in order to receive some of the benefits  that could be provided using a Woolwich offset mortgage.

 

Woolwich offer a range of offset mortgages from Barclays, including:

  • Offset tracker deals
  • 2 year offset tracker
  • Offset tracker Barclays loyalty mortgage

 

You may also wish to look at our tables below for comparisons on mortgages from several different providers: 

Woolwich’s offset mortgage deals enable customers to underpay and make unlimited overpayments if they desire, affording customers some significant flexibility. As well as this, customers can also take a payment holiday if their circumstances permit. 

 

By using an offset mortgage deal, the interest earned on your savings will help you to repay your mortgage loan and reduce the amount of interest you are expected to pay on your loan. An offset mortgage from Woolwich may also be useful for you if:

  • You wish to dedicate your savings to reducing the cost of your mortgage
  • You wish to pay off your mortgage relatively quickly

 

For information on mortgage deals from other providers, customers are advised to shop around as much as possible for comparisons on other mortgage offers that are currently on the market.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above mortgage products highlighted on this website are available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you speak to an independent mortgage broker