Woolwich mortgage rates funding problems.
Last month Woolwich mortgage rates funding problems were high lighted by mortgage advisers such Deal Direct.
It was brought to the lender's attention that brokers were being denied access to Woolwich mortgage rates funding tranches just moments after product release. The Woolwich now advise that they are addressing the issue of the balance of its mortgage distribution.
Woolwich currently manages its lending book balance by releasing at midnight each night a fixed tranche of mortgage funding.
In order to get our clients the best offers, Deal Direct's skilled brokers have had to work past midnight to order to gain access to Woolwich mortgage rates as soon as they were released.
David Finlay who is the intermediary channel director at Barclays has responded to broker critism advising that they have recently experienced a huge surge in mortgage demand, and have tried adopt a balanced approach and split lending evenly across all mortgage distribution channels.
He added that Barclays understand the problems experienced by brokers such as Deal Direct and said they are aiming to rectify the Woolwich mortgage rates funding problems.
For the best mortgage rates from all UK lenders contact Deal Direct today.
