Mortgage providers Woolwich have released a new 'City Mortgage' deal to suit the demands of workers expecting a record bonus.
The new Woolwich City Mortgage 3 offers a rate that is 0.16 per cent below the base rate. After the first two years of the agreement, this reverts to a rate of 0.49 per cent above the base rate and lasts until the full term of the loan is served.
A spokesman for the group commented: "The uptake of our City Mortgage has exceeded our expectations and this latest product gives great value and is also available for consumers who want to remortgage with free valuation and legal costs."