Barclays cuts mortgage rates for residential borrowers

Barclays

These changes will apply from 25 June to purchase-only products

Barclays has made reductions across its mortgage rates for select existing residential borrowers.

These changes will apply from 25 June to purchase-only products.

This includes a two-year fix at 60% LTV with an £899 product fee. The rate has dropped from 4.99% to 4.68%. Meanwhile, the corresponding product for premier borrowers has been reduced from 4.98% to 4.67%.

The fee-free option at the same tier has had a rate reduction of 0.25%, bringing it to 5.13%.

At 75% loan to value, the two-year fix with an £899 fee has gone down from 5.05% to 4.75%, while the fee-free alternative has been reduced from 5.23% to 4.98%.

At 85% loan to value, the two-year fix with an £899 fee has been lowered from 5.14% to 4.93%, while the fee-free option has been reduced from 5.33% to 5.15%.

The fee-free two-year fixed rate at 90% loan to value has been reduced from 5.76% to 5.48%.

Across Barclays’ five-year fixed offering, the option at 60% loan to value with an £899 fee has been lowered from 4.41% to 4.23%, while the deal for premier borrowers has been trimmed from 4.4% to 4.25%.

At 75% loan to value, the five-year fix with an £899 fee has been lowered from 4.53% to 4.38%, and the fee-free product has been reduced from 4.67% to 4.52%.

Cuts have also been made at 85% and 90% LTV, as well as across the lender’s Green Home Mortgages products at 75% and 90% LTV.

Rates across its green mortgage offering now begin at 4.75%, down from 4.8%, for a five-year fix at 90% LTV with a £999 fee.

Barclays follows the likes of Natwest and Coventry Building Society in lowering pricing across its mortgage range.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of Getting Money Wise. The information provided on Getting Money Wise is intended for informational purposes only. Getting Money Wise is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.

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