Barclays cuts rates on residential range

Effective tomorrow, the reductions are up to 0.50% on the lender's residential and remortgage products.

For purchase only, reductions include a 2-year fixed rate up to 85% with £899 product fee now at 4.40% from 4.46% and the five-year version at 4.10% (down from 4.17%).

Customers looking for a remortgage only have a number of new lower rates to choose from, including a 5-year fixed rate with £999 product fee up to 60%, which is now 3.85% - down from 3.93%.

There have also been  number of rate reductions on the lender's existing customer Reward range, including 2- and 5-year fixes and options with no product fee.