Woolwich Mortgages

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Reviews - Woolwich Mortgages

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Super

“Woolwich Open Plan Mortgages”

published 07/11/2008

Payoff chunks of mortgage whenever you want. Offs...

Can be tempted to borrow to the max

We've had a Woolwich Open Plan mortgage for just over seven years. On the whole we have been very satisfied. The mortgage work by allowing you to set up a number of accounts and under Woolwich a number of saving pots, ie mini accounts that cannot be overdrawn, which can be offset agai9nst the...

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Super

“Woolwich Buy to Let schemes”

published 27/05/2001

Portable mortgage with excellent customer service

APR not the most competitive

I'd like to pass on my positive comments to all with regards to the Woolwich Buy to Let mortgage scheme. Whilst most buy to let lenders just want to look at multiples of income:expenditure ratios and base the lending decision simply on maths, the Woolwich will actually work with you to safeguard...

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Not for me

“Worst few weeks of my life!”

published 25/09/2003

ZERO

No-one knows what's going on!

I have recently purchased my first house with my boyfriend. I can honestly say that it has been the worst experience of my life made much worse by the Woolwich. I visited numerous banks & building societies getting quotes for mortgages. We really wanted an offset mortgage, so the Woolwich...

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Excellent

No initial fees and no ties after 2 years

You pay heavily if you quit prior to the end of th...

Open Plan is a very flexible and cost effective way of obtaining a mortgage. If you take out an open plan mortgage with the Woolwich then you will not have to pay any fees, this could save you up to about £600, not a small sum by any means. They are currently offering a rate capped for two years...

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Super

High lending amount without extorsionate interest...

High charges for returned payments (on top of the ...

When we first started house hunting for our first home we really we're unbeleivably shocked by how much was involved. Searching for the right mortgage was so much more stressfull than finding the right house. As the house prices here are soo expensive it seemed that we would never afford anyhting...

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Excellent

Good service, flexible mortgage, flexible borrowin...

None I can call to mind!

We remortgaged with the Woolwich a couple of years ago to finance improvements on our house. The packaged offered was an Offset Mortgage which sounded perfect, and so far to date has been very flexible and I would recomend this package. The Offset mortgage package basically takes into account any...

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Not for me

“They are cxxp”

published 08/10/2001

None

Takes hours to get through to a real person

I had a statement for my mortgage this morning as it is my first buy, they were informing me what was to come out of my account. It was £29 over the payments that were agreed to me, so I telephoned them, I was on hold waiting to speak to someone for about 1 and a half hours and when I got through...

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Not for me

One of the best mortage deals on the market

the rest

Me and my wife are first-time buyers and we've decided to search the market to see how much we can borrow for a mortgage, before searching for the house itself. As both of us are Barclays customers (having credit cards and current accounts with them), obviously we went to Woolwich, the mortgage...

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Excellent

CONTROL - MONEY SAVINGS

NEED TO BE LEVEL HEADED

Open Plan is certainly the way forward in the mortgage market today. The flexibility it offers is second to none - where else can you obtain 6.75% for a mortgage and have the daily interest calculated not only on the amount you owe but also taking account of the balance of your current account...

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Excellent

no fees- 0.5% above bank rate-CAT standard

where have Promise gone

I got what seems like an excellent mortgage through Promise with the Woolwich which is currently 6.5% (0.5% variable above the bank rate).There were no costs or fees at all & the mortgage is CAT standard (i.e. daily interest etc.) Unfotunately Promise have pulled out of mortgage brokering but...

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Super

excellent rates

slow turn around of paperwork

I have recently applied for my first mortgage, after spending a great deal of time, with help from a independent broker I choose a Woolich mortgage because it offered a good discount rate for three years, there was no MIP, (a big consideration for a first time buyer) and it offered no redemption...

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Good

Competitive Interest Rates

Terrible Customer Service

I have had a Woolwich mortgage for a few years and although their initial application fee was very steep (£440 plus all the other survey fees etc), they seemed the best deal at the time for me (I needed practically a 100% mortgage so there was not a great deal of choice). Everything seemed OK...

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Not for me

Competitive products

Absolutely rubbish customer service

Am now 5 weeks into trying to get a mortgage from Barclays Woolwich. Approved in principle at the time. Then the Big Fat Waste of Time began. 3 weeks ago they deducted £695 from my account for the valuation which is still not arranged - totally unacceptable in my opinion. My financial advisor is...

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Super

Flexible Open Plan Mortgage can earn good interest...

Setting up the account took forever to the point o...

Due to the nature of our jobs, we have to claim considerable amounts of money that stay in our account for short period of time before it dissapears to cover the bills. Open Plan account from Woolwich is linked with a savings account where we can keep all the "spare" money and earn interest for...

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Not for me

“Woolich Open plan mortgage”

published 13/05/2007

Great rate- fixed for 10 years

Rubbish customer service- very slow processing of ...

The most stressful time of our lives! The Woolich made several mistakes in our mortgage application form (e.g. giving us a 16 year mortgage when we asked for a 25 year one) and took absolutely WEEKS/MONTHS to get the actual offer through the post. This nearly cost us to lose the house we were...

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