Barclays has made rate reductions to select residential mortgages.
The changes to its mortgage rates include its two-year fix at 75% loan to value (LTV) with a £999 fee, which will be cut from 4.9% to 4.7%.
The fee-free Great Escape product at the same tier, also fixed for two years, will be lowered from 5.2% to 4.95%.
For existing borrowers making a purchase, Barclays will cut the five-year fixed Premier product at 60% LTV with a £699 fee from 4.28% to 4.16%.
Also for purchase, the standard five-year fix at 60% LTV with a £899 product fee will go down from 4.29% to 4.17%.
Its standard two-year fixed remortgage with a £999 fee at 75% LTV will decrease from 4.9% to 4.7%, while the corresponding Great Escape option with no fee will fall from 5.2% to 4.95%.
These changes will apply from 27 March.
Earlier this month, the bank increased select mortgage rates.
Accord increases mortgage rates
Accord Mortgages has announced rate increases to its buy-to-let (BTL) product transfer deals.
The changes will apply from 28 March, and the existing range will be withdrawn at 8pm on 27 March.
Accord Mortgages will be increasing two- and three-year fixed mortgage rates by 0.05%.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
