Woolwich is cutting rates on its fixed rate mortgages by as much as 0.32 percentage points as lower SWAP rates continue to benefit the fixed rate market. Its ten year fix will fall below six per cent to 5.97 per cent making it a market leading rate, whilst its three year fix drops by 0.20 percentage points to 6.29 and its five year fix drops by 0.10 percentage points to 6.29 per cent.
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