Woolwich is introducing a new 75% tier on its fixed and tracker range for the first time in more than a year.
The range includes two-year fixed rates at 3.99% and 4.09% and a lifetime tracker at 2.94% (Bank base rate + 2.44%) and 3.34% (Bank base rate +2.84%). In addition, the 70% loan to value tracker is being reduced from 2.79% to 2.77%. Andy Gray, head of mortgages at Woolwich said: "We are introducing a tier of mortgage lending which we haven't offered since the start of the recession. "This is the fifth time we have lowered our rates since the beginning of September and we are definitely seeing a trend in the market for lower rates and more competition. With more people looking for mortg...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
