Barclays has announced that it will be implementing reductions in mortgage interest rates across a range of its products, effective from tomorrow, Friday 11th July.
The changes will apply to selected products within the bank’s purchase, remortgage, and reward categories.
Within the remortgage range, several key products will see lower rates.
The 2-year fixed rate mortgage at 60% loan-to-value (LTV), which includes a £999 product fee, will be reduced from 3.91% to 3.84%.
The 2-year fixed rate mortgage at 75% LTV, also carrying a £999 fee, will decrease from 4.14% to 3.99%.
Additionally, the Great Escape™ 5-year fixed rate mortgage at 60% LTV, which comes with no product fee, will be lowered from 4.09% to 4.00%.
Barclays is also making reductions to several products in its Exclusive Mortgage Club (EMC) Reward range.
The EMC Reward 2-year fixed rate mortgage at 75% LTV with a £999 product fee will fall from 4.12% to 3.99%.
The EMC Reward 5-year fixed rate mortgage at 60% LTV with no product fee will drop from 4.09% to 4.00%, while the same product with a £999 product fee will be reduced from 3.92% to 3.86%.
Barclays has encouraged brokers and customers to consult the full rate overview guide for complete details of all the product changes being introduced.
