Woolwich cuts mortgage lifetime tracker rates

The competitive range includes lifetime trackers at up to 70 per cent loan to value at either 2.63 per cent [Barclays base rate + 2.13] with a £999 fee or 2.99 per cent without fee, and lifetime trackers at up to 75 per cent loan to value at 2.89 per cent [Barclays base rate +2.39 per cent] with a £999 fee or 3.19 per cent without fee.

Andy Gray, head of mortgages at Woolwich said: "In general, tracker mortgages are getting huge amounts of attention because of the low, stable base rate environment over the last year. Our new rates in particular are outstanding – they’re very competitive, and should prove extremely popular."

The mortgages are available at the same rates to both direct branch customers and via intermediaries.

Date: 20th, January, 2010

Author: whatmortgage.co.uk