Barclays will implement widespread reductions to its mortgage rates from 9th July, covering a broad selection of residential, buy-to-let and large loan products.
The latest rate cuts are designed to support first-time buyers, home movers and landlords, with the bank confirming new pricing across both new and existing products.
Among the new residential purchase-only options is a 3-year fixed rate at 4.04% with no product fee at 60% LTV, and a 4.09% equivalent at 75% LTV with a £899 fee.
Existing customer reward products have also seen reductions, including a 5-year fixed residential rate at 3.92% for loans up to £2m at 60% LTV.
Remortgage rates are also falling. For residential customers, Barclays is reducing its 2-year fixed rate at 85% LTV from 5.19% to 4.67%, and its 5-year fixed at the same LTV from 4.97% to 4.52%.
The Great Escape product will drop to 4.62%. Large loan reductions include a 2-year fixed at 60% LTV now priced at 3.91%, and a 5-year fixed at the same LTV reduced to 3.99%.
In the buy-to-let segment, Barclays is introducing several rate cuts for both purchase and remortgage customers.
These include a 2-year fixed purchase-only rate at 75% LTV falling to 4.58%, and a 5-year fixed version at the same LTV reduced to 4.15%. Remortgage-only products have also been cut by as much as 0.49%, with new rates starting from 4.17%.
