Woolwich cuts rates and lowers LTVs

The lender is also launching a new tracker mortgage and all new rates are to made available through branches and intermediaries. Rates will be cut by as much 0.31%, with the Woolwich ten-year fixed rate falling to 5.97%. Three-year fixed rates will be available from 6.29%, a 0.2% drop, while five-year fixed rates are also priced at 6.29%. Woolwich is also introducing a Lifetime Tracker, tracking at 0.69% over Bank Base Rate for the lifetime of the mortgage. However, the new loans will only be available with a maximum LTV of 60%, which may reflect fears that house prices could fall signi...