Brilliant tracker News from Woolwich

Posted on 5 October 2009 by Ray Boulger

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Woolwich's decision to cut, from tomorrow, its lifetime tracker rate for LTVs up to 70% by 0.45% to Bank Rate + 2.29% and also reduce the ERC, which is 1%, period from 3 years to 2 is excellent news for the tracker market and propels Woolwich to the top of the tracker best buys tables for LTVs over 60% and up to 70%.

It also makes 2 – 5 year trackers up to 70% LTV largely redundant as this lifetime tracker is cheaper than shorter term deals.

Categories: Mortgages, Interest rates

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