Barclays is reducing rates on a selection of products across its residential purchase range by up to 0.50%, effective from tomorrow, Wednesday 10th January.
The majority of the rate decreases are across two-year fixed rate products, which now start from 4.10% for a Premier product at 60% LTV with an £899 product fee - a reduction of 50bps.
Standard two-year fixed rates now start from 4.17% at 60% LTV with an £899 product fee or 4.36% fee-free.
At 75% LTV, two-year fixes have reduced by up to 50bps and now start from 4.18% for a Premier product, 4.20% for a standard fee-paying product, or 4.38% fee-free.
At 85% LTV, two-year fixed rates have reduced from 5.15% to 4.65% with an £899 fee and from 5.39% to 4.89% fee-free. A fee-free 90% LTV two-year fix has also reduced by 0.50% to 5.13%.
In Barclays' green home range, fee-free two-year fixed rates have reduced by 50bps and now start from 4.28% at 75% LTV and 5.03% at 90% LTV.
Five-year fixed rate 'Springboard' products are decreasing by 40bps to 6.24% at 95% LTV and 6.29% at 100% LTV, both fee-free.
Finally, Mortgage Guarantee rates are down by up to 40bps with a two-year fix at 95% LTV reducing to 5.50% and a five-year fix at 95% LTV down to 6.27%.
