Barclays re-offer Woolwich mortgage products through intermediaries.
Barclays have started to re-offer Woolwich mortgage buy-to-let deals through brokers. The lender previously launched its 75 per cent LTV deals via the direct channel and is now making many of the products available through brokers.
Through its Woolwich mortgage brand, the lender is offering a 2 year fixed rate mortgage for up to 75 per cent LTV at a rate of 5.29 per cent and, a 2 year tracker for up to 75 per cent LTV at base plus 3.99 per cent. The lender's fee structure has also been modified since the original product launch. In place of a £3,999 flat fee, borrowers will find a tiered fee structure. For deals between £50,000 and £125,000 the fee will be £1,999 rising to £2,999 for deals between £125,000 and £250,000 and £3,999 for deals over £250,000.
The lender was forced to pull its 75 per cent LTV deals in November last year, less than a month after launching them in order to manage service levels. In light of this some brokers are questioning how the lender plans to manage service levels this time.
A Woolwich mortgage deal has been launched offering a residential 10 year fixed rate for 70 per cent LTV at 4.99 per cent. However, an increase of 0.25 per cent has been announced to its 2 year fixed rate deal for 70 per cent LTV, the lender advised that the price increase has followed uncertainty around the eurozone which has led to an increase in their funding costs.
