Brilliant tracker news from Woolwich
Share
Ray Boulger, senior technical manager at John Charcol
Woolwich yesterday made the decision to cut, from tomorrow, its lifetime tracker rate for LTVs up to 70% by 0.45% to Bank base rate + 2.29% and also reduce the ERC, which is 1%, period from three years to two.
This is excellent news for the tracker market and propels Woolwich to the top of the tracker best buys tables for LTVs over 60% and up to 70%.
It also makes two to five-year trackers up to 70% LTV largely redundant as this lifetime tracker is cheaper than shorter term deals.
