Barclays has reduced rates on products up to 85 per cent loan to value (LTV) mortgages, effective from tomorrow.
New rates include its five-year fixed, fee-free residential purchase product at 85 per cent LTV which has been reduced to 3.3 per cent from 3.19 per cent.
For purchases and remortgages, the rate for the two-year fixed at 75 per cent LTV has gone down to 1.57 per cent from 1.79 per cent while the equivalent at 85 per cent LTV, has been reduced by nine basis points (bps) to 2.83 per cent.
A five-year fixed at 60 per cent LTV has been reduced by 19 bps to 1.43 per cent, and at 75 per cent LTV a five-year fixed product has been cut to 1.7 per cent from 1.89 per cent.
All these products have fees of £999.
Its reward mortgage range, available exclusively to existing borrowers, have seen reductions on two and five-year fixed products at 60 and 75 per cent LTV by as much as 22 bps.
For existing products, brokers have until today to generate a mortgage information sheet dated 29 October to submit an application.
Product transfer applications for the withdrawn reward range must be submitted by tomorrow.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
