Woolwich cuts lifetime tracker rates

From tomorrow, the range will include lifetime trackers at up to 70% LTV at either 2.63% [Barclays base rate + 2.13%] with a £999 fee or 2.99% without fee; and lifetime trackers at up to 75% LTV at 2.89% [Barclays base rate +2.39%] with a £999 fee or 3.19% without fee.

Andy Gray, head of mortgages at Woolwich said: “In general, tracker mortgages are getting huge amounts of attention because of the low, stable base rate environment over the last year. Our new rates in particular are outstanding – they’re very competitive, and should prove extremely popular.”

The mortgages are available at the same rates to both direct branch customers and via intermediaries.