Barclays cuts mortgage rates by up to 25bps
Barclays will cut selected residential purchase, remortgage and rate-switch products by up to 25 basis points (bps), effective 3 November.
For purchase customers, the lender is reducing its two-year fixed rate at 60% loan to value (LTV) with an £899 product fee from 5.15% to 4.95%.
Its two-year fixed rate at 75% LTV, with no product fee, will fall by 25bps to 5.2%, while the five-year fixed rate at 60% LTV, also fee-free, will decrease from 5.32% to 5.14%.
For remortgage customers, the two-year fixed rate at 60% LTV, with a £999 product fee, will fall from 5.24% to 5.05%.
Meanwhile, its five-year fix at 60% LTV, with a £999 product fee, will be reduced from 5.32% to 5.1%.
Barclays is also cutting rates across its existing mortgage customer (EMC) rate-switch range.
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The EMC Reward two-year fixed rate at 60% LTV, with a £999 product fee, will decrease slightly from 5.34% to 5.3%. The EMC Reward five-year fixer at 60% LTV, with a £999 product fee, will be reduced by 22bps to 5.07%.
