Barclays will lower rates across a range of residential mortgage products from Thursday 14th August, covering purchase, remortgage, and existing customer reward options.
For purchase-only products, reductions include a drop on the 2-year fixed at 85% LTV with a £899 product fee from 4.22% to 4.12%, and the 5-year fixed at 85% LTV with a £0 fee from 4.37% to 4.23%. The 95% LTV 5-year fixed with no product fee will fall from 4.99% to 4.80%.
Remortgage customers will also benefit, with the 2-year fixed at 85% LTV and £999 fee decreasing from 4.75% to 4.39%, while the Great Escape™ 5-year fixed with no product fee at 85% LTV will fall from 4.70% to 4.40%.
Selected purchase and remortgage products will also see changes, such as the 2-year fixed at 70% LTV with a £1,999 fee dropping from 3.97% to 3.94%.
In the Existing Mortgage Customer Reward range, rates will reduce by up to 0.08 percentage points, with the 2-year fixed at 85% LTV with a £999 fee falling from 4.47% to 4.39%.
The cuts span Barclays’ standard and Green Home mortgage products, offering lower rates for both new and existing customers across a variety of LTV bands and fee structures.
