Barclays cuts existing customer rates by up to 0.43%

85% LTV two-year fixed rate residential products have seen the largest reductions.

Related topics:  Mortgages
Rozi Jones | Editor, Financial Reporter
4th July 2024
Barclays

From tomorrow, Barclays is reducing rates across its existing customer Reward ranges for both residential and buy-to-let borrowers.

In its residential range, two-year fixed rates at 60% LTV have reduced by 8bps, now available at 4.67% with a £999 product fee and 4.90% fee-free.

At 75% LTV, two-rates are down by up to 15bps, starting from 4.75% with a £999 fee and 4.96% fee-free.

The largest reductions are to 85% LTV Reward two-year fixes, down from 5.65% to 5.22% with a fee and from 5.83% to 5.43% fee-free.

Two-year fixes above 85% LTV have reduced by 20bps to 5.87% fee-free.

Five-year Reward products have reduced by up to 27bps, now starting from 4.45% at 60% LTV and 4.68% at 75% LTV, both fee-free. At 85% LTV, rates have reduced to 4.94% with a fee and 5.03% fee-free, while five-year fixes over 85% LTV now start from 5.78%.

10-year fixed rates at 75% LTV have also seen reductions, now starting from 4.95% with a £749 fee and 5.02% fee-free.

In Barclays' buy-to-let Reward range for existing borrowers, two-year products at 65% LTV have reduced by 20bps to 4.95% with a £1,795 product fee and 5.30% fee-free.

75% LTV two-year fixes are also down by 20bps to 5.00% with a fee and 5.34% fee-free. A two-year fix above 75% LTV is now available at 5.55% with no product fee.

Five-year fixed rates at 65% LTV have reduced by 10bps to 4.34% with a fee or 4.58% fee-free.

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