Latest Mortgage News Summary from Barclays

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Barclays has updates and news on its Woolwich Mortgages from Barclays, including its Great Escape™ remortgage product and Switch and Fix mortgage. Barclays is a major financial services provider engaged in retail banking (including current accounts, ISAs and other savings products), credit cards, corporate banking, investment banking, wealth management and investment management services.

Barclays has updates and news on its Woolwich Mortgages from Barclays, including its Great Escape™ remortgage product and Switch and Fix mortgage. Barclays is a major financial services provider engaged in retail banking (including current accounts, ISAs and other savings products), credit cards, corporate banking, investment banking, wealth management and investment management services.

Barclays looks to boost 2011 remortgage market by extending ‘The Great Escape’ package to more borrowers

Barclays is continuing to encourage even more borrowers sitting on standard variable rate mortgages to move to a better rate, by extending the loan to value on its popular ‘Woolwich Great Escape’ remortgage package to 80 per cent loan to value from 6th January 2011.

The ‘Great Escape’ loan to value was extended from 70 to 75 per cent loan to value on fixed rate mortgages and to 80 per cent loan to value on tracker.

“The Great Escape” is aimed at borrowers who worry it would cost them too much to move to better rates elsewhere. It could provide these borrowers on standard variable rates (SVRs) with a competitive tracker or fixed rate mortgage with no application fee, free legal work and free valuation as well as £300 cash back to cover their existing lender’s exit fee.

Intermediaries get automatic help to keep track of mortgage applications

Barclays recently unveileds an updated IntroTrack service to ensure any broker submitting Woolwich mortgage applications automatically gets signed-up for the service, allowing them to receive email updates at each of the six key stages. This is part of our continued approach to help intermediaries deliver a greater service to their clients.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Barclays is a major global financial services provider engaged in retail banking (current accounts and savings accounts), credit cards, corporate banking, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the Americas, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 140,000 people. Barclays moves, invests and protects money and provides personal loans, life insurance, business loans and other services for over 49 million customers and clients worldwide. For further information about Barclays, please visit our website http://www.barclays.co.uk

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