Barclays has announced significant rate reductions across its residential mortgage range, with several products dropping below the 4% mark.
The changes, effective from 11th April, include cuts of up to 0.38%, with updates covering Premier, Green Home, Springboard and Mortgage Guarantee products.
Key reductions include the 60% LTV 2-year fixed rate with a £899 product fee, which falls from 4.11% to 3.99%, and the 60% LTV 5-year fixed rate with the same fee, reduced from 4.12% to 3.99%.
Barclays has also lowered its 95% LTV Mortgage Guarantee 2-year fixed from 5.28% to 4.90%, with no product fee.
The lender says the changes support recent initiatives to make home ownership more accessible.
These include the launch of zero deposit mortgages for Right to Buy applicants, the introduction of Mortgage Boost, and increases to maximum loan sizes for high LTV purchases.
New products have also been introduced, including 85% LTV Green Home mortgages priced at 4.39% for a 2-year fixed and 4.26% for a 5-year fixed, each with a £899 product fee.
