Barclays has cut rates for select residential purchase, buy-to-let (BTL) and residential reward products by up to 0.3 per cent.
The lender has reduced its five-year residential purchase fixed rate at 90 per cent loan to value (LTV), which has gone down from 2.65 per cent to 2.55 per cent. It comes with a £999 fee.
Its fee-free option has reduced from 2.88 per cent to 2.7 per cent. Both products are available for loans between £5,000 to £570,000.
On the residential purchase and remortgage tracker rates, its two-year tracker at 80 per cent LTV has decreased from 1.97 per cent to 1.39 per cent. It has a £999 fee and loans are available from £5,000 to £2m.
Its 10-year fixed rate BTL purchase and remortgage product at 75 per cent LTV has fallen from 2.75 per cent to 2.45 per cent. It is eligible for loans between £35,000 to £1m and has a fee of £1,795.
In the lender’s residential reward range, which covers product transfers and further borrowing, its five-year fixed rate at 85 per cent LTV has reduced from 2.4 per cent to 2.2 per cent.
For this product, borrowers can access loans of between £5,000 and £2m.
The lender also confirmed key product change timing, with the final date for its mortgage information sheet for existing products set to today.
The deadline for product transfer applications for the existing reward range is tomorrow and new lending applications for existing products is 27 October.
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.
