New mortgage deal introduced
Woolwich has introduced a new mortgage
deal and are targetting customers who want to make
Woolwich have concluded that majority
of homeowners want to make home improvements. They feel this deal
is a big advantage and hope many people take advantage of this.
Nearly 25% of people say they do not
have enough time to refurbish their home, leaving nearly 75% of
people saying they do not know how to carry out the physical work.
Many Britons would rather do jobs they
feel they can complete then jumping into the deep end of doing
extension work, plumbing or electrical.
Head of mortgages
at Woolwich, Andy Gray said that making improvements to your home
could make a "tangible difference" to the overall value
of the property when completed, but doing the work and making
mistakes could "drag prices down".
Mr Gray also said that many people
were looking to remortgage
just to fund their new home improvement.
Mr gray announced the new lifetime
tracker mortgage deal to customers who wished to complete their
projects. The mortgage
deal will stay at 0.29 per cent above the standard
base rate during the term; the deal also includes no redemption
penalties or any other extra charges.
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