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Tracker mortgage 'battle' starts
fixed-rate deals accounted for 58% of home loans granted in august, compared with 31% for tracker deals .
at the start of october, the average liferentime tracker rate was 0.95% above the bank rate, compared with it being 0.3% above the bank rate a year before .
the woolwich, the lending arm of barclays, did cut the cost of tracker deals last week, but said it subsequently faced high demand because others failed to follow suit .
potential new customers with lenders such has abbey and nationwide, have seen the differential between the bank rate and the cost of their tracker widen since last week's cut .
as a result of changes elsewhere in the market we now need to control the flow of business by making some slight increases to the rates on our tracker mortgages .
it hanges now put the cost back up by 0.2 of a percent age point .