Its offset mortgage up to 75% LTV has been reduced by the full 0.50% to Bank base rate plus 2.79% (currently 3.29%), while 70% LTV deals have been cut by 0.11% to 2.48% above base rate.
Barclays’ loyalty range for its customers has also had interest rates reduced, with up to 75% LTV down 0.40% to 2.59% above base and up to 70% LTV down 0.11% to 2.28% above base.
All deals have a fee of £999.
Laoiseach Lynch, head of mortgage products at Barclays, said: “As the tax year draws to a close, now is a great time for borrowers to take stock and assess how they can make their mortgages and savings work together to limit the impact of tax and inflation.
“Offsetting is the most tax efficient way to manage both savings and a mortgage so it makes sense for borrowers to look at these options.”
In addition, Barclays has cut interest rates on its Woolwich fixed rate and tracker mortgages. Its two-year fixed rate deals up to 70% LTV have been reduced by up to 0.11%, while its tracker mortgages up to 70% LTV have been cut by 0.20%. Application fees remain the same.
Meanwhile, it has replaced all its four-year fixed rate deals with five-year fixed rates, starting at 4.68% up to 70% LTV and 4.58% up to 70% LTV for loyalty customers.
