Barclays is reducing mortgage rates across a broad selection of residential purchase, remortgage and existing customer reward products, with the changes effective from tomorroe (Friday 9th January).
The rate cuts apply across both 2-year and 5-year fixed products, covering loan to value bands from 60% to 80% and including Premier, standard and Green Home mortgages.
Across the residential purchase range, reductions generally range between 0.05% and 0.36%, with some of the largest cuts applied to higher LTV products.
Barclays is also lowering rates across its remortgage-only range, including its Great Escape™ products, which are aimed at borrowers coming to the end of a fixed rate.
These reductions apply to both 2-year and 5-year fixed options, with updated pricing available at LTVs up to 80%.
In addition, the bank is cutting rates across its Existing Customer Reward range, with reductions made to 2-year and 5-year fixed products at both 60% and 75% LTV.
These products are available to existing Barclays mortgage customers and include both fee-paying and fee-free options.
All products continue to support loan sizes up to £2m, with minimum loan sizes ranging from £1k on existing customer products to £5k on residential and remortgage ranges. Product fees vary by range and structure.
