27
Nov
New mortgage cuts announced
Two lenders have announced cuts to some of their mortgage
rates.
Woolwich is cutting 0.6 per cent off two of its fixed-rate mortgage
deals, the lender's parent company Barclays has said.
This means a two-year fixed rate is now 4.39 per cent and a
three-year deal is 4.69 per cent.
Customers taking out loans at 70 per cent loan-to-value (LTV) can
take a 4.99 per cent deal for two or three years, this being a rate
reduction of 0.7 per cent in the first case and 0.5 per cent in the
second.
Woolwich has also launched a lifetime tracker deal at 1.99 per cent
above the base rate, with an LTV of up to 60 per cent and a
£995 fee.
Meanwhile, Abbey is announcing 0.45 per cent cuts to all its
five-year fixed-rate mortgages at LTVs between 60 and 75 per
cent.
