Barclays has introduced two residential purchase only deals to its range.
At 4.04%, the bank has launched a three-year fixed rate with a £0 product fee available up to 60% loan to value. For a fee of £899 at 75% LTV borrowers can lock into a rate of 4.09% also for three years.
Rate cuts made to the bank’s remortgage range include a reduction from 5.19% to 4.67% to the 85% LTV two-year fixed deal that comes with a £999 fee.
Borrowers wishing to fix for five years at 85% LTV, also for a £999 fee, can access a rate of 4.52% cut from 4.97%.
In the large loan range the 4.52% two-year fixed rate with a £1,999 fee at 75% LTV has been cut to 4.14%. At 85% LTV, fixed for five years, also with a £1,999 fee, the rate has been cut from 4.63% to 4.52%.
Aldermore Insights with Jon Cooper: Edition 9 – Why lending strategy is becoming more central in buy to let
Sponsored by Aldermore
For buy-to-let borrowers, rate cuts include a reduction to the two-year fixed rate of 4.85% with a £2495 product fee at 60% LTV to 4.35%.
Halifax lowers mortgage rates
Halifax, meanwhile, has reduced selected fixed rate deals for home movers and first-time buyers by up to 0.10%. Selected remortgage rates have been cut by up to 0.15%.
No changes have been made to product transfers or further advances.
