The Woolwich to launch lifetime tracker range

The Woolwich is launching a lifetime tracker range which includes a offset deal at 0.59% above base rate (currently 5.09%) on November 2.

Alongside the offset deal it will also provide all new fixed rate mortgages with a built-in lifetime tracker to give borrowers a guarantee for life after their fixed rate period ends.

Andy Gray, head of mortgages for The Woolwich, says: “There is more demand now for long-term lifetime tracker deals and we are leading the market to guarantee an extremely competitive mortgage rate on offset, plus a range of fixed rate mortgages that offer life time value when they revert to tracker, so customers get the best of both.”