Barclays and Woolwich launch mortgage range

Barclays and Woolwich have launched a range of mortgage deals, which include a highly competitive two-year fixed rate with no application fee at 4.89%, and a five-year fixed rate at 4.99%.

Key features of the re-mortgage deals are rate fixed at 4.89% until January 31 2008, and 4.99% until January 31 2011.

There are no arrangement fees, no early repayment charges beyond the fixed rate period, no higher lending charge when borrowing up to 95%, and no valuation or legal costs for customers remortgaging and switching lender.

The deals have flexible features such as overpaying, and are also available to existing mortgage customers.