The pick of Woolwich’s new residential range is its discounted tracker rate at 5.09% (0.16% under Bank base rate (BBR)) for two years. Available to 85% loan-to-value (LTV), this has a minimum loan of £500,000 and a £1,995 arrangement fee, although there are no early repayment charges (ERCs) at any time. There is a remortgage package available.

Woolwich also has an excellent 5.54% tracker rate product for the lifetime of the loan, equivalent to 0.29% over BBR. This has no application fee and no ERCs at any time. This is available up to 80% LTV for both purchasers and remortgagors.

To 95%, the rate increases to 0.59% over BBR, again with no arrangement fee or ERCs.

For clients wanting a long term fixed rate, I like the 5.79% fixed rate to 30/06/12. Available to 95% for both purchasers and remortgagors, this has a £595 application fee and ERCs of 3% during the fixed rate period.

Woolwich’s popular offset schemes remain. The standard offset product is now at 0.48% over BBR for the lifetime of the loan. Available to 80% LTV, this has a £595 application fee and no ERCs at any time. To 95%, the rate increases to 0.59% over BBR. There is also a remortgage package available on both these products.

Turning to the buy-to-let range, worth a look is a two-year tracker at 0.49% over BBR. Available to 85% LTV, this has a 1% application fee and there are no ERCs with this scheme at any time. This is also available with a remortgage package.

For buy-to-let remortgage clients, there are several fees-assisted options with low arrangement fees. I like its lifetime tracker product at 0.69% over BBR (payrate 5.94%) for the lifetime of the loan. Available to 75% LTV, this has a £295 arrangement fee and ERCs of six months’ interest for three years. To 85%, the rate increases to 0.89% over BBR for the lifetime of the loan (payrate 6.14%). These products have a free non-disclosed valuation and in-house legals paid (or £200 cashback), although they are only available to private individuals, not limited companies.

The best offer in the buy-to-let fixed rates is at 5.59% to 02/06/09. Available to 85% LTV, this has a 1% application fee and ERCs of 6 months’ interest within the fixed period.

Woolwich applies a rental calculation at 125% of a nominal rate of 5% on all of its schemes.