About Woolwich Services

Established as permanent building society in 1847, Woolwich was later acquired by The Barclays Group in year 2000. Currently Woolwich is the mortgage selling brand of Barclays and acts as only the trading name of Barclays Bank PLC.

Woolwich offers five kinds of mortgages which include fixed rate, tracker, offset, first-time buyer and buy to let mortgages. Fixed rate plan helps in knowing how much amount has to be paid every month for a definite period whereas tracker mortgage offers flexibility and value to the consumer.

The offset plan allows the customer to offset his savings against the mortgage and pay the interest. In case of a first time buyer, Woolwich offers extra benefits which include the ability to take credit worth eight five per cent of the value of the house from them. Buy to let plan helps in owning investment properties by the customer being allowed to borrow up to sixty per cent loan to value on specified properties.

Woolwich also offers a mortgage offset calculator which helps in calculating the money to be paid and how the customer can reduce the interest levied on the mortgage along with a budget planner which helps in deciding how much to save for the payment of the loan.