Barclays has introduced a series of rate reductions across its residential mortgage range, effective from Tuesday 19th August, alongside the launch of new 2-year fixed products for purchase and remortgage customers.
One of the biggest cuts applies to the 2-year fixed at 75% LTV with a £899 fee, which has fallen from 4.01% to 3.79%. The 2-year fixed at 60% LTV has also reduced, from 3.84% to 3.75%.
Barclays has also launched a new 2-year fixed at 4.05% with no product fee at 80% LTV for purchase customers, and a 2-year fixed Great Escape remortgage at 4.46% with no fee, also at 80% LTV.
Among existing products, reductions include the Premier 2-year fixed at 60% LTV, cut from 3.83% to 3.74%, and the 2-year fixed at 75% LTV reduced from 4.00% to 3.78%.
Several 3- and 5-year fixed products have also been repriced, including the 5-year fixed at 75% LTV which has dropped from 4.11% to 3.98%, and the Green Home 2-year fixed at 75% LTV now at 3.89% from 4.13%.
Remortgage products have seen similar changes, with the Great Escape 2-year fixed at 75% LTV reduced from 4.48% to 4.23%, while the 5-year fixed at the same LTV has fallen from 4.09% to 3.95%.
The lender has also cut rates on its Existing Customer Reward range, with the 2-year fixed at 75% LTV reduced from 3.99% to 3.96%, and the 5-year fixed at 75% LTV down from 3.99% to 3.95%.
