Andy Gray, head of mortgages for Woolwich and Barclays said: "Our new tracker mortgage has been launched for borrowers who want to get one of the best mortgage deals in the market. With homeowners anticipating extra pressure on them over the next couple of years with interest rates predicted to rise gradually, we are providing them with a cheap deal which reduces their payments in the short term and then gives them a guarantee for the life of the loan which could save them as much as £20,000."
Homeowners can find out about mortgages through the Woolwich and Barclays on the internet www.thewoolwich.co.uk and www.barclays.co.uk or by telephoning 0845 607 1111.
