Woolwich, the lending arm of Barclays, has announced it is cutting the rates on more than half of its mortgage range by an average of 0.35%.
Borrowers can now sign up for two years at 3.69% - a reduction of 0.4% - for loans up to 70% LTV and 4.99% - a cut of 0.7% - for loans up to 80% LTV.
Alternatively, a three-year fixed rate is available at 3.99% for loans up to 70%, a reduction of 0.50%.
The offset tracker is cut by 0.5% to 2.49% for loans above £200,000 up to 60% LTV.
Andy Gray, head of mortgages for Barclays, says: "Last month we pledged to increase lending to homeowners by £5.5bn and now we are launching even better mortgage rates to our customers.
"Our attractive pricing addresses all customers' requirements: those who want the certainty of a fixed rate or others who are thinking holistically about their financial situation by looking for offset options."
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