Woolwich launches new lower fixed rate mortgage

Woolwich has launched a new two year Openplan flexible fixed rate mortgage of 4.49%.

This two year fixed rate (fixed rate term ends 31 October 2004) has been reduced from 4.89% to 4.49%, making this one of the lowest rates available in the market.

Andy Gray, head of mortgages at The Woolwich, says: “Fixed rate mortgages are increasingly competitive and this deal is one of the best about in the market. It offers customers an alternative to a discount mortgage especially those wanting to budget in the early years of a mortgage.”

Woolwich flexible mortgages are also available through all Barclays branches, the internet and telephone.