Barclays announces rate cuts on select 2- and 5-year fixed residential mortgage products

Barclays has confirmed a reduction in interest rates for a selection of its 2 and 5-year fixed residential purchase-only mortgage products, effective from Friday, 1st December.

Key updates include a reduction in the 5-year fixed product with a £899 fee at 60% LTV from 4.78% to 4.39%, and a 5-year fixed product with no fee at 75% LTV from 4.95% to 4.70%.

Furthermore, a 5-year fixed product with a £999 fee at 90% LTV will see rates reduced from 5.20% to 4.95%.

Additionally, existing products are experiencing a decrease in rates. Notably, the Premier 2-year fixed product with a £899 fee at 60% LTV will drop from 4.78% to 4.76%, and the 2-year fixed with a £899 fee at the same LTV will decrease to 4.78%.

The Premier 5-year fixed product with a £699 fee at 60% LTV is set to decrease to 4.38%.

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