Woolwich is to reduce rates tomorrow on tracker and fixed rate range by an average of 0.30%, with the largest reductions happening on at the 75% loan to value band.

The new range includes a lifetime tracker at 2.49% [Barclays base rate + 1.99%, 70% LTV], rate cuts of up to 0.60% on its two-year fixed rate to 3.69% [75% LTV], and a reduction of 0.50% on its three-year fixed rate to 3.99% [70% LTV].

Andy Gray, head of mortgages at Barclays said: “Easter is one of the busiest times of year for the housing market and with more people looking for mortgages