Woolwich launches new lower mortgage deals

Woolwich has launched a new five year Openplan flexible fixed rate mortgage of 4.99% and an improved Openplan mortgage deal discounted for two years (2.01%) at a rate of 3.94%.

The five year fixed rate has been reduced by 0.40% from 5.39% to 4.99%, with the term ending on November 30 2007.

Andy Gray, head of mortgages at The Woolwich, says: “Fixed rate mortgages are highly competitive and this offers excellent value to homeowners who wish to budget in the early years.”

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