This headline rate applies to the bank’s premier two-year fixed product with a £899 fee, available at 60 per cent loan to value (LTV). This was lowered from 4.6 per cent.
There is a two-year fix at 60 per cent LTV with a £899 fee reduced from 4.62 per cent to 4.17 per cent, as well as a two-year fix at 75 per cent LTV with an £899 product fee, down from 4.7 per cent to 4.2 per cent.
Other notable changes include a fee-free two-year fixed deal at 60 per cent LTV, which has been cut from 4.76 per cent to 4.36 per cent and the corresponding option at 75 per cent LTV, reduced from 4.86 per cent to 4.38 per cent.
Barclays has also lowered rates across its green, springboard and mortgage guarantee ranges.
This includes a fee-free green home product, fixed for two years at 75 per cent LTV, which now has a rate of 4.28 per cent down from 4.76 per cent. For the equivalent product at 90 per cent LTV, there has been a 0.5 per cent reduction in the rate to 5.03 per cent.
For borrowers using the mortgage guarantee scheme, Barclays has reduced the two-year fix at 95 per cent LTV from 5.8 per cent to 5.5 per cent, while the five-year fix has been cut from 6.67 per cent to 6.27 per cent.
The changes apply from 10 January.
