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| Barclays make new mortgage offer for Barratt homebuyers Britain's leading housebuilder Barratt announced an exclusive new offer from Barclays through the mortgage brand Woolwich, to help homebuyers obtain one of the most competitive mortgage rates in the market on its new homes. The new mortgage is a Woolwich Lifetime Tracker which will charge customers just 2.19 per cent over base rate – which equates to just 3.69 per cent at today's rates of interest. The arrangement fee is a flat £995. In other words, a typical family with a £150,000 mortgage would pay just £774 per month. Customers who don't want to pay any arrangement fee at all can take out the same mortgage but at a rate of 2.49 per cent above the base rate – that's 3.99 per cent at today's rates of interest and this comes with £500 cashback on completion. On some developments Barratt also offers a shared equity scheme. For customers with a minimum 12 per cent deposit this product can help make the mortgage even more affordable. The mortgage offer is available exclusively to customers who buy a new home either from Barratt or one of its sister companies, David Wilson Homes and Ward Homes. write your comments about the article :: © 2009 Construction News :: home page |