Woolwich cuts fixed rates by up to 0.7%

Borrowers can now sign up to a mortgage fixed at 4.39% for two years or at 4.69% fixed for three years, while at 70% LTV, the rates have come down to 4.99% fixed for two years or three years, a cut of 0.5% and 0.7% respectively. Woolwich has also launched a new lifetime tracker at 1.99% above base for mortgages up to a 60% LTV with a £995 fee. At 70% and 80% LTV, the tracker is available at 2.29% and 2.99% above base respectively. Andy Gray, head of mortgages for Barclays, said: "We are constantly reviewing our mortgage portfolio to ensure our customers receive the best deal for their c...