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Woolwich launches fixed and tracker range

Woolwich has launched its new range of lifetime tracker and fixed rate products.

The lifetime tracker will, for the first two years of the mortgage, track at 0.01% below base and then reverts to 0.17% above base for the remainder of the term.

Woolwich is also offering a five-year fixed rate to 4.98%, with a 90% LTV.

It will continue to offer its 10-year fix at 4.98%, with 80% LTV and a simple lifetime tracker at 0.17% above the base rate, which also has an 80% LTV.

Andy Gray, head of mortgages for Woolwich, says: These new Woolwich deals are the amongst best rates we have ever offered and lead the market in their segments offering great long term value and rate guarantees.

Long term trackers have proved hugely popular with our customers over the last year.

“However, with future interest rate movements still uncertain we wanted to continue to offer long term fixed rates to allow customers to take any uncertainty out of their mortgage borrowings.

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