It has significantly reduced its 75% LTV Great Escape two-year fixed rate by 0.54% to 2.35% and increased the LTV to 80%.
Further highlights include a reduction in its two-year fix at 65% LTV from 1.59% to 1.44% with an application fee of £1,499. Its fee-free two-year fixed rate at 90% LTV dropped from 3.89% to 3.73%, and its 90% LTV five-year fix rate was cut to 3.99% with its application fee dropped completely.
Andy Gray, managing director of mortgages for Barclays, said: “We are anticipating demand for fixed rates to remain strong during the spring months, traditionally a period of increased house buying activity.
“As part of these new competitive rates, we have reduced the fixed rates on the 85% and 90% LTV products which will enable first time buyers and those with smaller deposits to get on, and move up, the property ladder.”
