Barclays is set to introduce new mortgage products and adjust rates for existing ones from tomorrow (4th February 2025).
This includes a 5.29% 2-year fixed-rate mortgage with a £899 product fee, available up to 90% loan-to-value (LTV), and a minimum loan of £5,000 and a maximum of £570,000.
Also on offer is a 4.13% Green Home 5-year fixed-rate option at 60% LTV and a 4.26% rate at 75% LTV, both with a £899 fee, and loans between £5,000 and £2m.
Additionally, a 5.24% 2-year tracker without a product fee will be offered at 60% LTV.
The bank will reduce rates on key products within the purchasing range.
The 2-year fixed product with a 60% LTV, currently at 4.43% with a £899 fee, will decrease to 4.38%.
Similarly, the 5-year fixed option at 75% LTV will see rates drop from 4.42% to 4.36%.
In the remortgage range, the 2-year fixed fee of £999 at 75% LTV will be adjusted from 4.72% to 4.64%.
Additionally, the 5-year fixed rate at 85% LTV will decrease from 5.27% to 5.23%.
Barclays will extend the end dates for all fixed-rate products to 30 June.
Customers will find the updated product lineup in the revised intermediary and reward rate sheets, effective from 4th February 2025.
