Barclays has lowered rates on a selection of products by as much as 0.5 per cent across its residential purchase range and 0.6 per cent across its existing customer range.
The mortgage rate changes will come into force from tomorrow.
Within its residential purchase-only range, Barclays has made cuts of up to 0.41 per cent. This includes its mortgage guarantee fee-free five-year fixed rate, which has fallen from 6.27 per cent to 5.86 per cent.
The lender’s Springboard five-year fixed rate with no fee at 100 per cent LTV has decreased from 6.29 per cent to 5.99 per cent and at 95 per cent LTV its rate has gone down from 6.24 per cent to 5.95 per cent.
In its remortgage-only range, an example of its rate cuts includes its Great Escape two-year fixed rate with no fee at 60 per cent LTV, which has gone down from 4.81 per cent to 4.51 per cent.
On the purchase and remortgage side, an example of its reduction includes its two-year fixed rate at 60 per cent LTV, which has decreased from 4.8 per cent to 4.34 per cent. It has a £1,999 fee.
Within its buy-to-let range, cuts of around 0.5 per cent have been made to its purchase-only rates. Its two-year fixed rate with £1,295 fee at 75 per cent LTV has gone down from 6.18 per cent to 5.68 per cent.
Buy-to-let remortgage rates have also fallen by around 0.5 per cent. The lender’s two-year fixed remortgage no-fee deal at 60 per cent LTV has decreased from 6.3 per cent to 5.8 per cent.
Buy-to-let purchase and remortgage have also decreased by the same amount. Its two-year fixed rate at 60 per cent LTV with £2,495 fee has reduced from 6.3 per cent to 5.8 per cent.
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.
