Barclays is set to introduce a number of rate reductions on a selection of products, effective from tomorrow, Friday 26th July.
As part of its residential purchase only range, the lender’s 2-year fixed Premier product up to 60% loan-to-value (LTV) with £899 product fee will be reduced from 4.49% to 4.39%.
In addition, a number of its other 2-year fixed and 2-year fixed Premier products will see reductions of 0.10%.
Barclay’s 5-year fixed Premier product up to 60% LTV with £899 product fee will decrease from 4.08% to 4.03%, while its standard 5-year fixed will decrease from 4.09% to 4.04%.
As part of its remortgage range, the lender is introducing further cuts across its 2- and 5-year fixed rate products, its 2- and 5-year fixed Premier products, and its 2- and 5-year Great Escape products.
Highlights from the reductions include a 2-year Premier product up to 60% LTV with £999 fee at 4.57% and a 5-year Premier product up to 60% LTV with £999 fee at 4.21%.
