Following the release of 3.99% mortgage deals for new borrowers last week, Woolwich has now launched remortgage option for its mortgage club.

The Woolwich generic fixed and tracker hybrid deals will be fixed at 3.99% or 4.99%, but then track at 1.99% above the Barclays Bank Base Rate, which currently stands at 3%.

PMS corporate manager Martin Reynolds says: “We feel these deal are an excellent compliment to the Woolwich core range and we are delighted that they have chosen us as their exclusive DA partner for these products.”