The offer is a two year discount of 2.25 per cent off the standard variable rate, with an initial rate of 3.29 per cent, with no application fee, no early repayment charge or mortgage indemnity premium, for advances up to 95 per cent.
This mortgage offer will save customers with a mortgage of £100,000 an average of £127 per month or £3,049 over the two year discount period if they make the switch from their current mortgage providers Standard Variable Rate.
Andy Gray, head of mortgages for the group says, "With over 10 million customers banking with Barclays and the Woolwich it makes sense for us to reward our existing customers with our most competitive rate".
If a discounted mortgage doesn't appeal the other exclusive mortgage deals available to Barclays and Woolwich current account customers are:
* A tracker mortgage which tracks the Barclays Bank Base Rate by +0.49 per cent, giving a current rate of 3.99 per cent plus a one per cent cashback on the amount of their mortgage.
* A market leading Offset mortgage with no application fee. This guarantees to track the mortgage against the Barclays Bank Base Rate by +0.85 per cent for the life of the loan, current rate of 4.35 per cent.
To find out more about remortgaging with Barclays or The Woolwich customers can call 0845 607 1111 or contact their local Barclays or Woolwich branch.
