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 & [...]

  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 [...]