Woolwich cuts fixed rates

In addition, the lender is also launching a new lifetime tracker product for those looking for a higher LTV than was previously available. Three-year fixed rates will be cut by 0.28%, meaning loans of 60% LTV or less will have rates cut from 5.97% to 5.69%, while 80% LTV mortgages will now be priced at 6.19%. Costs will be cut by up to 0.18% for five-year fixed rates, which start at 5.79%, and of ten-year deals which are available from 5.69%. Woolwich will also launch a lifetime tracker, which will track the base rate at +1.19% for the duration of the loan and is available at 80% LTV wit...