This applies to its existing borrower reward range, where a five-year fix at 60% loan to value (LTV) with a £999 fee has been cut from 4.12% to 3.98%.
Within the same range, Barclays has reduced the equivalent two-year fixed rate by 0.14% to 4.06%.
Meanwhile, the corresponding fee-free two-year fix has been cut by 0.07% to 4.36%, and the fee-free five-year fix has been lowered from 4.26% to 4.14%.
Other existing customer reward products up to 90% LTV have also seen reductions, including deals on two- and five-year terms with either fixed or tracker rates.
Elsewhere, Barclays lowered rates across its purchase products for existing borrowers with a £1,999 fee, including a two-year fix at 85% LTV, which has been cut from 4.72% to 4.67%, and the five-year fix, which has been reduced from 4.76% to 4.63%.
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Select purchase and remortgage product rates have also been cut.
Newcastle for Intermediaries launches three-year fixes
Newcastle for Intermediaries, the broker-facing arm of Newcastle Building Society, has released three-year fixed rate products for borrowers who want medium-term options.
The products are available up to 80% LTV for purchase and remortgage.
This includes a deal with a £999 fee and a rate of 4.9%, as well as a fee-assisted option priced at 5.1% that has no product fee and a free standard valuation.
Each product has early repayment charges of 3% in the first year, which then fall to 2% and 1% in the final year of the fixed rate period.
Franco Di Pietro, head of intermediary mortgages at Newcastle Building Society, said: “In response to broker feedback and customer demand for medium-term repayment certainty, we’re pleased to launch a new range of three-year fixed rates.
“This provides customers with a competitive option for those looking for choice in an uncertain market. The fee-assisted product gives a further option for brokers and their clients, while our flexible approach to lending and overall proposition supports a range of borrowers and their circumstances.”
Earlier this month, Newcastle Building Society reported that its gross mortgage lending rose to £1.2bn in 2024.
