Barclays is set to cut rates across its mortgage range, with multiple fixed-rate products now falling below 4%. The changes will take effect from tomorrow, Friday 31st October.
Among the most competitive new rates is a Premier 2-year fixed at 3.72% with a £899 product fee, available up to 60% loan-to-value (LTV).
The equivalent 2-year fixed without Premier status will decrease from 3.86% to 3.73%, while the fee-free 2-year fixed at 60% LTV will fall from 4.06% to 3.93%.
At the higher end of the LTV spectrum, Barclays is also cutting rates within its 95% LTV range, with the 2-year fixed with no product fee dropping from 4.87% to 4.82%, and the 5-year fixed equivalent decreasing from 4.82% to 4.79%.
Longer-term deals have also been reduced, including a 5-year Premier fixed at 3.97% and a standard 5-year fixed at 3.98%, both available up to 60% LTV with a £899 fee. Fee-free 5-year options at the same LTV are being reduced from 4.19% to 4.09%.
Barclays’ Green Home products are also seeing reductions, with the 2-year fixed cut to 3.83% and the 5-year fixed to 3.88%.
