The Barclays-owned lender has reduced its five-year fix from 5.99% to 5.49% and has also cut its three-year fixed rate deal from 5.69% to 5.49%.
Both products are available at up to 80% LTV and come with a £999 fee.
But at the same time Woolwich has upped its two-year fixed rate deal at 2.98% to 3.14% and increased the minimum loan size from £200,000 to £250,000.
The maximum LTV remains at 70% LTV and the application fee will also stay the same at £1,999.
Fees on the two-year fixed rate deals at 3.59% and 3.89%, available up to 70% and 75% LTV respectively, are also going up from £199 to £499.
Speaking about the changes to the five-year fix Andy Gray, head of mortgages for Barclays, says: “The improvement to the five-year fixed rate mortgage will be welcomed by those looking for certainty over a longer period and with a smaller deposit.
“It’s a strong rate that will give a measure of protection from future base rate increases for those who need it most – typically those either just embarking on buying a home or not too far along.”