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Woolwich Lifetime Tracker Mortgage


bailey1957
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Just recieved a letter from Barclays about my mortgage. Quote, Our Woolwich SVR will no longer be a managed rate ( a rate that we can set and can vary at any time) but will instead track B OF E base rate. The Woolwich SVR WILL BE CALCULATED ON THE b of e BASE RATE PLUS 4.49%. This does not change the current Woolwich SVR which remains at 4.99%. I need someone to explain this does this mean they are putting my mortgage up. I think the Bof E IS 0.5% AT THE MO. Plus their bit which i think is 2.49% i think. :confused::confused::confused:

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