Barclays has announced reductions in rates for several of its residential mortgage products, effective from tomorrow (25th July).
The changes include rate decreases of up to 0.31% across various fixed-rate mortgage options, aimed at providing more competitive offerings for potential homebuyers.
Key rate changes include a reduction in the Premier 2-year fixed rate at 60% LTV from 4.98% to 4.67% with a £899 product fee.
The 2-year fixed rate at 60% LTV is reduced from 4.99% to 4.68% with a £899 product fee, and from 5.13% to 4.88% with no product fee.
For the Premier 2-year fixed rate at 75% LTV, the rate decreases from 5.04% to 4.74% with a £899 product fee, while the standard 2-year fixed rate at 75% LTV is reduced from 5.05% to 4.75% with a £899 product fee and from 5.23% to 4.98% with no product fee.
The 2-year fixed rate at 85% LTV decreases from 5.14% to 4.93% with a £899 product fee, and from 5.33% to 5.15% with no product fee.
For those looking at a 2-year fixed rate at 90% LTV, the rate drops from 5.76% to 5.48% with no product fee.
The Premier 5-year fixed rate at 60% LTV is now 4.25%, down from 4.40%, with a £699 product fee.
The standard 5-year fixed rate at 60% LTV decreases from 4.41% to 4.23% with a £899 product fee, and from 4.53% to 4.38% at 75% LTV with the same fee.
For higher loan-to-value products, the 5-year fixed rate at 85% LTV drops from 4.73% to 4.57% with a £899 product fee, and from 4.90% to 4.75% with no product fee.
The 5-year fixed rate at 90% LTV decreases slightly from 4.90% to 4.85% with a £999 product fee.
Barclays’ Green Home products also see reductions. The 2-year fixed rate at 75% LTV decreases from 5.13% to 4.88% with no product fee, and at 90% LTV from 5.66% to 5.38% with no product fee.
The Green Home 5-year fixed rate at 90% LTV is now 4.75%, down from 4.80%, with a £999 product fee.
