A terrific week for rate cuts saw Woolwich, Abbey and Nationwide make deals more competitive, while the Post Office also seems to be getting its act together and is offering some excellent products
HERO OF THE WEEK is Woolwich for its excellent rates. There is now a two-year fixed rate at 2.98% for loans up to 70% LTV, with a minimum loan of £200,000. The fee is £1,999. It is also offering a two-year fixed deal at 3.39% with a £999 fee.
VILLAIN OF THE WEEK is the Financial Services Authority for recruiting Tony Blair’s former spin doctor. I’m not sure that now is the best time to make such a significant appointment, with the general election looming.