Barclays has announced the reintroduction of three new products and has reduced rates across its existing residential purchase and remortgage ranges by up to 0.26%.
Available from tomorrow, the Bank is relaunching three purchase-only rates - a 4.55% two-year fix at 85% LTV with an £899 product fee, a 4.05% five-year fix at 75% LTV with no fee, and a 4.17% five-year fix at 85% LTV with an £899 fee.
In addition, it is reducing rates by up to 0.26% across its residential purchase range, launching a 3.88% three-year Premier product with a £999 fee. A five-year fix at 75% LTV is also reducing to 3.95% with an £899 fee.
Two-year fixed rates have reduced to 4.75% at 85% LTV and 5.38% at 90% LTV, both fee-free. Five-year rates are reducing to 4.45% at 85% LTV with no fee and 4.65% at 90% LTV with a £999 fee.
Green Home products at 90% LTV are down to 5.28% fixed for two years and 4.55% fixed for five years.
In Barclays' residential remortgage range, a Premier five-year fix at 60% LTV is down to 3.88% with a £999 fee and a standard five-year fix at 60% LTV has reduced to 3.93%. A five-year fix at 75% LTV is decreasing to 4.07% with a £999 fee and Great Escape five-year fixes are down to 4.08% at 60% LTV and 4.17% at 75% LTV, both fee-free.
For existing customers, five-year fixes at 60% LTV now start from 3.88%.
