These will apply to its residential purchase products, such as a two-year fix at 60% loan to value (LTV) with an £899 fee, which has been cut by nine basis points (bps) to 4.3%, while the fee-free alternative has been lowered by 13bps to 4.51%.
At 75% LTV, the premier two-year fix with an £899 fee has been cut by 24bps to 4.47%, and the standard option, also with an £899 fee, has fallen by the same amount to 4.69%.
The corresponding product with no fee has been cut by 23bps to 4.69%.
Changes have also been made to selected three- and five-year fixes, including green home and Springboard products.
Barclays has also added two purchase-only tracker deals, including a two-year offset tracker with a £1,999 fee at 75% LTV, priced at 5.8%, and a premier two-year tracker with a £999 fee at 60% LTV, priced at 3.99%.
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At the end of May, the bank lowered rates for existing borrowers across its purchase, remortgage and existing customer reward ranges.
Yorkshire Building Society cuts mortgage pricing
Yorkshire Building Society has reduced selected mortgage rates, with two-year fixed pricing falling by as much as 27bps, three-year fixes by up to 18bps and five-year fixes by up to 14bps.
Changes include its two-year fix at 75% LTV for homebuyers, now 4.58% down from 4.8%, with a £995 fee and standard valuation. A £250 loyalty cashback incentive is also available where applicable.
There is also a five-year fix at 85% LTV for residential purchase, down from 4.77% to 4.67%. This has a £995 fee, standard valuation and £250 loyalty cashback option.
Gemma Hyland, mortgage product manager at Yorkshire Building Society, said: “Falling swap rates have provided us with the perfect opportunity to improve the competitiveness of the range.
“We’re always looking for ways to pass on value wherever we can. That’s why we’re so pleased to announce these changes, which are designed to support a wide range of borrowers.”
