Barclays is reducing rates across its residential mortgage range from Wednesday 25th June, with changes affecting both purchase and remortgage products.
A new 5-year fixed rate at 90% LTV is also being introduced for purchases.
Key updates include a drop from 3.96% to 3.88% on the Premier 2-year fixed rate at 60% LTV with an £899 fee, and a reduction from 3.98% to 3.91% on the equivalent 2-year fixed remortgage product with a £999 fee.
The lender is also launching a new 5-year fixed rate at 4.50%, available up to 90% LTV with no product fee.
This product is available for purchases only, with loan sizes between £5,000 and £640,000.
Further cuts affect Barclays’ wider Premier, standard, and Green Home products. The 90% LTV 2-year fixed rate for purchase, for example, will fall from 4.65% to 4.39%, while the Green Home 5-year fixed at 90% LTV drops from 4.57% to 4.32%.
On the remortgage side, the Great Escape™ 2-year fixed rate will reduce from 4.72% to 4.54%.
