Woolwich cuts rates across mortgage range

Two, three, four and five-year fixed rates and offset tracker mortgages are included in the cuts. 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 mor...