Barclays cuts residential rates by up to 0.36%

Two, three and five-year fixed rate purchase and remortgage rates have been lowered.

Related topics:  Mortgages
Rozi Jones | Editor, Financial Reporter
25th July 2024
Barclays

From tomorrow, Barclays is reducing rates across its residential purchase and remortgage ranges by up to 0.36%.

The largest reduction is to a three-year fixed rate Premier product at 60% LTV, down from 4.57% to 4.21% with a £999 fee.

Other two and three-year fixed rate purchase products have reduced by up to 10bps.

At 60% LTV, two-year fixes now start from 4.39% for a Premier product with an £899 fee, 4.42% for a standard product with an £899 fee, and 4.61% fee-free.

At 75% LTV, two-year fixes have reduced to 4.64% for the premier product, 4.65% for the standard rate, and 4.88% fee-free.

Five-year fixed rates now start from 4.03% at 60% LTV and 4.23% at 75% LTV.

In Barclays' remortgage range, selected rates have reduced by 0.10%.

Two-year fixed rates at 60% LTV now start from 4.57%, with 75% LTV rates down to 4.85% with a £999 fee.

Five-year fixed rate remortgage products have reduced to 4.21% at 60% LTV and 4.40% at 75% LTV, both with a £999 product fee.

In addition, rates have reduced by up to 10bps across selected existing customer products. Two-year fixed rates now start from 4.57% at 60% LTV, with five-year rates starting from 4.21%.

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