Barclays is set to make widespread reductions across its mortgage range, with rate cuts applying to over 40 products.
The changes, which come into effect from tomorrow, Wednesday 12th November, include notable reductions across its remortgage products, with rates starting from 3.81% on a 2-year fixed rate at 60% loan-to-value (LTV) with a £999 product fee.
The cuts span residential purchase, remortgage and large loan ranges, as well as products available exclusively to existing customers through the lender’s reward range.
For purchase customers, selected 2- and 5-year fixed rates at 85% LTV will fall by up to 0.17%.
This includes reductions to the Green Home range, which offers lower pricing for properties with higher Energy Performance Certificate (EPC) ratings.
Remortgage borrowers will also see reductions across multiple loan-to-value tiers.
The 2-year fixed rate at 60% LTV with a £999 fee will decrease to 3.81%, while Great Escape products (which offer no product fee and include free valuation and standard legal work) will also see pricing improvements.
Products available for both purchase and remortgage at higher loan values (up to £10m) will also see decreases, with cuts across selected 2- and 5-year fixed rates at 60%, 70% and 75% LTV.
Existing customers using the EMC Reward range will benefit from reductions across 2-, 3- and 5-year fixed rates, with pricing improvements at 60%, 75% and 85% LTV.
The updated product rates will be available from 9am on Wednesday, while the current rates will be withdrawn at 5pm today, Tuesday 11th November.
