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Barclays and Principality BS lower rates – round-up

  • 27/11/2023
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Barclays and Principality BS lower rates – round-up
Barclays has reduced mortgage rates across deals for borrowers with a smaller deposit and those requiring large loans.

For example, its two-year fixed fee-free product at 90 per cent loan to value (LTV) has gone down from 6.08 per cent to 5.78 per cent, while the green mortgage at the same tier is now 5.68 per cent, down from 5.98 per cent. 

The lender’s two-year fixed 95 per cent LTV product under the mortgage guarantee scheme has been cut from 6.7 per cent to 6.3 per cent. 

Its two-year fix at 85 per cent LTV, with no fee, has been reduced from 5.79 per cent to 5.77 per cent. 

All the above products are for purchase only. 

Barclays has also reduced select purchase and remortgage rates for loan sizes between £2m and £5m by up to 0.57 per cent. 

For existing borrowers, reductions have been made across the lender’s one, two and five-year fixed reward deals. 

Changes apply from 28 November. 


Principality BS trims rates 

Principality Building Society has cut residential product rates by as much as 0.23 per cent and buy-to-let pricing by up to 0.15 per cent. 

Across its residential range, this includes a two-year fix at 75 per cent LTV which has a rate of 5.04 per cent and an £895 fee as well as a fee-free option priced at 5.53 per cent. 

At the same tier, a five-year fix with a £1,395 fee has a rate of 4.69 per cent, while the fee-free option has a rate of 4.9 per cent. 

Changes have also been made at 90 and 95 per cent LTV. 

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