Barclays has announced rate cuts across its mortgage range, including a 3.99% 5-year fixed-rate product at 60% loan-to-value (LTV) with an £899 product fee, making it the latest high street lender to introduce sub-4% mortgages.
The lender has made reductions across its residential, buy-to-let, and remortgage products, with cuts of up to 0.40% on selected deals.
Among the changes, Barclays’ 2-year fixed-rate mortgages at 60% LTV will see reductions, with rates now starting at 4.21%. 5-year fixed rates have also been cut, with a 60% LTV option now available at 4.09% with an £899 fee.
The move follows Santander’s announcement earlier today that it will introduce a 3.99% fixed mortgage from 13 February.
Santander said this makes it the first high street lender in 2025 to offer sub-4% rates, with its new range of 2-year and 5-year fixed deals at 60% LTV available for residential purchases and remortgages.
Santander is also cutting rates on more than 80 mortgage products across residential, buy-to-let, and new-build purchases, with reductions of up to 0.40%. It has introduced a new 65% LTV buy-to-let range for purchase and remortgage customers.
