Existing Mortgage coming to an end with Woolwich-Barclays ? Seek advice on getting a Remortgage or staying with your existing lender from the Experts with no Broker fees.
If your current Woolwich – Barclays mortgage product is about to run out the chances are we can secure you a new product at a rate far better than their current variable at 3.74%, what’s more we don’t charge you for our Woolwich-Barclays Mortgage product transfer service.
Some lenders do not have the capacity or inclination to offer ‘advice’ directly to members of the public. However, Niche Advice is happy to oversee the process on your behalf and at the same time cross-reference the product transfer offer against the whole of the market to ensure this is the most appropriate option for you.
Generic advantages of a Barclays Mortgage Product Transfer:
- Better interest rates
- Lighter underwriting process
- No valuation fees
- No legal service needed
- Option to Fix your Mortgage payments or choose a tracker rate
- Quick processing time
Why choose Niche Advice Limited for your Barclays Mortgage Product Transfer :
- There is absolutely NO broker charge for our Product Transfer service
- Fully independent
- All of our Brokers hold CeMap or higher qualifications
No brokers fee? so how do we get paid:
Due to the extra work involved in offering this type of service many lenders are now opting to pay brokers commissions to carry out the advice and recommendation process which means for some lender including Barcalys-Woowich we can remove our normal broker fees if the client opts for a Mortgage product transfer rather then a Remortgage.
Example Product Rate and Fees – Woolwich-Barclays Mortgage product transfer service
[ezcol_1fifth]Initial Rate: 1.24%[/ezcol_1fifth] [ezcol_1fifth]Subsequent: 3.74%[/ezcol_1fifth] [ezcol_3fifth_end]The overall cost for comparison 3.40% APRC[/ezcol_3fifth_end]
The total amount you must pay back, including the amount borrowed is £290,588.08
Product Features: Existing Barclays or Woolwich customers only. No legal service needed. Niche Advice does not charge a fee for arranging Product Transfers.
| Type and initial benefit period | Fixed until 31/10/2019 |
| Minimum deposit / equity: | 35% |
| Valuation fee | £0 |
| Booking fee | £0 |
| Lender arrangement | £889 |
| Telegraphic transfer / CHAPS fee | £35 |
| Legal fee | £0 |
| Early repayment charge | 3% of the amount repaid in the fixed period |
Niche Advice offers appropriate mortgage advice including to customers who are looking to change their current mortgage product with their existing lender via a Barclays Product Transfer process. To find out if we can help you please complete the Contact Form on this website or call T: 020 7993 2044.
Any property used as security, which may include your home. may be repossessed if you do not keep up repayments on your mortgage
Important Information
Residential and Buy to Let Mortgages
Rates current as at 04/9/17 . The overall cost for comparison is based on an open market value of £300,000 over a 25 year term. Right-to-Buy examples are based on a discounted purchase price of £200,000. Repayment for Residential and Interest only for Buy-to-let (unless otherwise specified). Eligibility will depend on your own personal circumstances.
KEY – ERC = Main early repayment charge.
The purpose of this web is for information only and is based on a fictitious illustrative scenario. It does not constitute a Mortgage Offer in any way.
It is essential that you seek independent mortgage advice as a suitable product will be based on your own individual circumstances. An interest rate should not be read in isolation, and you should refer to your personal key facts illustration and Mortgage Offers for full terms and conditions. If anything is unclear it should be discussed fully with both your mortgage and legal advisors before entering into a mortgage contract with the lender.
The information contained herein is based on research through the Trigold (IRESS UK) sourcing system. When first published to this site the data is normally 24 hours behind real time, and may or may not still be available.
A first charge over your property is required as security for the loan.
The formal mortgage offer of an advance will be subject to a valuation and other satisfactory references.
Author: Payam Azadi
Payam Azadi is a partner at Niche Advice who are whole of the market Independent Mortgage Brokers. His role is very much focused on Property financing both on residential and commercial lines. To get in contact with him please click here.
