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Woolwich launches two new products designed for first time buyers and the larger loans market

Woolwich is launching two new products to appeal to both ends of the market. A first time buyer mortgage fixed for two years at 6.29 per cent with no higher lending charge up to 95 per cent of the purchase price. At the other end of the spectrum a lifetime tracker at base plus 0.17 per cent for loans from £500,000 to £2 million. These are amongst the most competitive deals on the high street in terms of overall value.