Barclays will cut rates across its residential purchase and reward ranges by as much as 30 basis points, from tomorrow (17 November), including a two-year purchase deal at 4.80%.
The high street bank says highlights among its residential purchase reductions include:
- Two-year fixes, with a £899 product fee, at 60% loan to value, will be cut from 5.10% to 4.80%
- Two-year fixes, with no product fee, at 60% LTV, will be cut from 5.45% to 5.20%
- Two-year fixes, with a £899 product fee, at 75% LTV, will be cut from 5.20% to 4.95%
Remortgage highlights include:
- Two-year fixes, with a 999 product fee, at 60% LTV, will be cut from 5.28% to 4.98%
- Two-year fixes, with a £999 product fee, at 75% LTV, will be cut from 5.39% to 5.12%
- Two-year fixes, with a £999 product fee, at 85% LTV, will be cut from 5.97% to 5.67%
The lender also launches a new product tomorrow, a 6.08% existing mortgage customer reward one-year fix, with no product fee, at 90% LTV, with a minimum loan size of £5,000 and a maximum of £2m.
