Hot on the heels of the announcements from Northern Rock comes the news that Woolwich has cut its rates on fixed-rate mortgages.

The rates have been cut by up to 0.5% & is the fourth rate reduction in 2 months.

The two year & three year fixed rate deals are available for 70% LTV & 80% [...]

 
Woolwich has announced a one-year tracker mortgage at 1.98% up to 60% LTV, available from brokers or direct. After one year it tracks Barclays Base Rate +2.49%.
There are also two- and three-year fixed rate mortgages available for both new and existing Woolwich customers.
Announcements like these from the Woolwich and other lenders do suggest that the [...]