Barclays/Woolwich – Future Fix: 2-Year Tracker followed by 3-Year Fix

Type: Tracker mortgage followed by fixed rate

Tracker term: Until May 31, 2014

Tracker rate: 2.99% above the Bank of England base rate

Payable rate: 3.49%

Fixed term: Until May 31, 2017

Fixed rate: 4.29%

Minimum loan: £5,000

Maximum loan: Up to 70% of valuation subject to a maximum of £1m

Income multiples: Based on affordability

Conditions:Capital repayments of up to 10% a year allowed without penalty in the fixed and tracker periods, free valuation, free legal fees or £200 cashback for remortgages

Arrangement fee: £1,299

Redemption fee: 3% of the amount repaid in the first five years

Introducer’s fee: Refer to lender

Tel: 0845 070 1567