Barclays is set to reduce mortgage rates for existing customers from tomorrow (21st February 2025).
The changes will apply across various existing mortgage customer (EMC) products.
For residential mortgages, changes include a reduction in the 2-year fixed rate at 60% loan-to-value (LTV) from 4.60% to 4.43%, and the same product at 75% LTV with a £999 fee will drop from 4.52% to 4.40%.
The 2-year fixed rate at 85% LTV will decrease from 5.09% to 4.82% with a £999 fee, and the fee-free option will go from 5.52% to 5.06%.
The rate for those with over 85% LTV will see a reduction from 6.02% to 5.82%.
The 5-year fixed rate at 85% LTV will change from 4.87% to 4.57% with a £999 fee, and the fee-free option will adjust from 4.97% to 4.70%.
In the buy-to-let category, the 2-year fixed rate at 65% LTV with a £1795 fee will drop from 4.70% to 4.40%, while the fee-free alternative will see a reduction from 5.15% to 4.78%.
For 75% LTV with a £1795 fee, the rate will decrease from 5.01% to 4.55%, and the fee-free rate will adjust from 5.45% to 5.05%.
The 5-year fixed rate for 65% LTV, fee-free, is also set to fall from 4.57% to 4.50%.
