Barclays and Woolwich launch fee-free mortgage range

Barclays and Woolwich have launched a new range of fixed rate mortgages with no arrangement fees.

This includes a two-year fixed rate mortgage with an interest rate of 4.89 per cent till 31st January 2008.

There is also a five-year fixed rate mortgage with an interest rate of 4.99 per cent until 31st January 2011.

As well as no arrangement fees on the products, there are no early repayment charges beyond the fixed rate period and other flexible features such as overpaying.

These mortgage deals are also available to those looking to re-mortgage their property and there are no valuation or legal costs to those switching from another lender.

The fee-free mortgage option is becoming increasingly popular with lenders. The growing competition in the mortgage market means more choice for borrowers.

© Adfero Ltd

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