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New mortgage deals from Woolwich

The Woolwich is improving its range of fixed rate and discounted mortgages.

The mortgage lender, which offers its mortgage products through Barclays, is offering three flexible mortgages, with a five year fixed rate of 4.49%, a 2.20% discount for two years with an initial rate of 3.59%, and a two year fixed rate of 3.99%. The loans are available at up to 95% loan to value. The penalty for early redemption is six months&#39 interest calculated on the standard variable rate, currently 5.79%.

Woolwich head of mortgages Andy Gray says: “With interest rates at an historic low now is a great time to take advantage of discounted rates, especially for those looking to remortgage to cut their monthly costs.”

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