Woolwich follow other lenders in dropping rates

The mortgage rate war continues to heat up, last week we seen a number of lenders dropping their rates to remain competitive and attract new applicants.

This week Woolwich have announced they will be dropping their rates. One rate that sticks out is their all time low 5 year fixed rate, available up to 65% LTV to 2.75% and a £1999 arrangement fee. The other headline rate is 1.88%, 60% LTV, 2 Year Fixed , £999/£499 application fee.

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