Woolwich launches five-year 'hybrid' mortgage: both a tracker and a fixed rate

[22 February 2012, the Daily Mail] On 22 February, the Daily Mail reported that a five-year ‘hybrid’ mortgage, which lets borrowers gain from a low variable rate tracker today, and then fix at a set rate in two years’ time, has been launched. For the first two years, the Woolwich five-year tracker-to-fix mortgage home loan will track base rate plus 2.99%, giving a current pay rate of 3.49%. It will then swap to a three-year fixed rate of 4.29%. 

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