Barclays has made a range of rate reductions across its residential and buy-to-let (BTL) products for purchase and remortgage.
The changes come into effect from tomorrow, with rate cuts of up to 0.27 per cent on residential products and up to 0.20 per cent on its BTL range.
Products to see reductions include the two-year fixed rate mortgage guarantee scheme at 95 per cent loan to value (LTV), which has been cut by 0.10 per cent to 3.49 per cent.
Barclays’ two-year fixed rate purchase product at 90 per cent LTV has been cut by 0.27 per cent to 3.08 per cent, with its two-year fixed rate at 90 per cent LTV with a £999 fee cut by the same amount to 2.6 per cent.
On the remortgage side, its five-year fixed rate BTL product at 75 per cent LTV has decreased from 1.98 per cent to 1.85 per cent. It is subject to a £1,795 fee.
Its five-year fixed rate remortgage product at 75 per cent LTV has been reduced by 0.09 per cent to 1.32 per cent. This comes with a £999 fee.
Barclays’ five-year fixed rate Great Escape at 60 per cent LTV has fallen from 1.45 per cent to 1.34 per cent.
Rate cuts for existing mortgage customers include its two-year fixed rate at 60 per cent LTV which has fallen by 0.04 per cent rate to 0.95 per cent. The product comes with a £1,250 fee.
Its three-year fixed rate at 60 per cent LTV has gone from 1.29 per cent to 1.12 per cent, whilst its five-year fixed has gone from 1.17 per cent to 1.12 per cent. Both are subject to a £999 fee.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
