Woolwich cuts mortgage lifetime tracker rates

In its sixth rate reduction in a row, Woolwich is tomorrow [Wednesday 20th January] reducing rates on its tracker range by up to 0.20 percentage points.

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.   More information on the full range of Woolwich mortgages through Barclays is available at barclays.co.uk/mortgages.