Exclusive: Woolwich BTL back for brokers

The lender was forced to pull its buy-to-let deals in November after its servicing couldn’t cope with the high volume of applications.

David Finlay, intermediary channel director at Woolwich, said: “We have big plans for buy-to-let this year and we want to get it right.

“We’re getting our systems sorted and I can confirm we’ll be up and running for brokers by the end of this month.”

Finlay said it was likely the lender would relaunch the deals it offered last year but would be monitoring the market to ensure products were competitive.

Earlier this week Woolwich relaunched its 75% loan to value buy-to-let deals through its branches including a 2-year fixed rate up to 75% LTV at 5.29% with a £3,999 fee and 2-year tracker up to 75% LTV at base +3.99% also with a £3,999 fee.