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.
Leave a Reply