The new purchase products and rate cuts will come into force from 3 September.

The lender has introduced a two-fixed purchase product at 85% loan to value (LTV) at 4.55% with a £899 fee.

This is along with its five-year fixed purchase product at 75% LTV with no fee at 4.05% and its five-year fixed rate at 85% LTV with £899 fee is priced at 4.17%.

Within its residential purchase product range, the firm will lower rates by up to 0.2% from 75% LTV to 90% LTV. For example, its five-year fixed rate with £899 fee at 75% LTV will decrease from 4.03% to 3.95%.

For residential remortgage deals, rates will reduce pricing by around 0.26%. For instance, its five-year fixed rate no fee Great Escape deal at 75% LTV will fall from 4.43% to 4.17%.

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The firm has also several sub-4% deals in its remortgage range due to the rate cuts, with its five-year fixed rate with £999 fee at 60% LTV will decrease from 4.06% to 3.93%.

On the existing customer reward side, pricing will fall by around 0.21%. its EMC Reward five-year fixed rate with no fee at 75% LTV will go down from 4.38% to 4.17%.

Barclays previously lowered mortgage rates around two weeks ago, focusing its cuts on its existing customer reward range.