Barclays and The Woolwich are offering two new fixedrate mortgages.
The first is a three-year fixed-rate mortgage for first-time buyers set at 5.69 per cent. The deal includes cashback of £250, an application fee of £100, no mortgage indemnity premiums up to 95 per cent and 95 per cent loan to value. The second is a two-year fixed-rate mortgage set at 5.29 per cent. The extras are the same as for the three-year loan.
The Woolwich says its monthly index figures show a decrease to 65 per cent of homeowners who believe their property will continue to increase in value. This is the first time that confidence has declined since last December.
Barclays and Woolwich head of mortgages Andy Gray says: “These products will be ideal for borrowers looking for peace of mind through rate certainty.”