Barclays is set to make a number of rate decreases to selected mortgage products, affecting both residential purchase and remortgage deals.
In its residential purchase range, its Premier 3-year fixed mortgage, with a £999 product fee, 60% loan-to-value (LTV) ratio, and a minimum loan requirement of £5,000, will see its rate decrease from 4.54% to 4.32%.
Similarly, Barclays’ Premier 5-year fixed and standard 5-year fixed mortgages, with varying product fees and LTV ratios, will also benefit from rate reductions, ranging from 4.46% to 4.90%.
For remortgage deals, its Premier 2-year fixed mortgage, with a £999 product fee and 60% LTV ratio, will reduce from 4.93% to 4.60%.
Other remortgage options, including the 2-year fixed and Great Escape 2-year fixed mortgages, will also see decreases in their rates, ranging from 4.61% to 4.92%.
Additionally, for both purchase and remortgage options, Barclays is adjusting rates on products such as its 2-year fixed and 5-year fixed mortgages, with varying product fees, LTV ratios, and loan amounts.
These adjustments aim to provide more competitive rates to borrowers in the current mortgage landscape.
Barclays is also extending adjustments to its Existing Customer Reward Range, including decreases in rates across various 2-year fixed and 5-year fixed mortgages.
These changes are set to take effect from tomorrow, Friday 17 May.
