With the most recent changes, an additional six mortgage products will be priced under 4%, including for existing mortgage customers.
Within Barclays’ residential purchase-only range, around 18 mortgage products will be cut. Examples of rate cuts include its two-year fixed rate with an £899 fee at 60% loan to value (LTV), which will go from 3.99% to 3.92%.
The lender’s two-year fixed rate at 75% LTV with an £899 fee will go from 4.13% to 3.99%.
On the remortgage side, 10 deals will be cut. This includes its two-year fixed rate at 60% LTV with a £999 fee, which will fall from 4.21% to 3.96%, while its equivalent five-year fixed rate will go from 4.12% to 3.95%.
The largest decrease in this round of rate cuts is for its two-year fixed rate remortgage deal at 75% LTV with a £999 fee, which will fall by 0.33% to 4.19%.
Welcome to the future: how collaboration is driving the shift to digital home buying
Sponsored by Halifax Intermediaries
For its existing customer reward range, 12 mortgage deals have been cut. An example is its two-year fixed rate at 60% LTV with a £999 fee falling from 4.06% to 3.95%.
The changes come off the back of rate changes Barclays made last week, bringing more of its deals into the sub-4% category.
Clydesdale Bank cuts resi and exclusive mortgage rates
Clydesdale Bank will lower selected core residential and exclusive rates by up to 0.15% from 30 April.
Within its core residential range, including product transfer products, selected two- and five-year residential fixed mortgage rates from 65% to 75% LTV will fall by up to 0.15%.
On the exclusive side, residential two- and five-year purchase deals at 90% LTV will decrease by around 0.1%.
Selected two- and five-year residential large loan mortgage products will be cut by around 0.15%, along with residential existing customer product transfer exclusives.
Residential 50% large loan exclusives will also be reduced by up to 0.15%.
The lender added that it would be increasing selected buy-to-let (BTL) two- and five-year rates at 60% and 75% LTV by around 0.09%. Brokers are urged to complete mortgage applications by 8pm today if they want to secure the prior rate.
TSB reduces mortgage rates by up to 0.2%
TSB is lowering selected residential, product transfer and additional borrowing rates by up to 0.2%.
Within its residential range, two-year fixed first-time buyer and homemover deals up to 75% LTV and between 85% and 95% LTV will fall by up to 0.2%.
Three-year fixed first-time buyer and homemover products up to 75% LTV and from 85% to 90% LTV will decrease by up to 0.15%.
Five-year fixed first-time buyer and homemover deals up to 75% LTV will go down by 0.1%.
The lender’s two-year fixed remortgage products up to 75% LTV and from 85% to 90% LTV will reduce by around 0.2%.
On the product transfer side, residential two-year fixed rates between 60% and 75% LTV will decrease by around 0.05%.
Within TSB’s additional borrowing range, residential two-year fixed rate deals from 60% to 75% LTV will be reduced by 0.05%.
Gen H cuts five-year fixed rates
Gen H will make a range of rate cuts across its five-year fixed rate mortgage range.
Five-year fixed rates at 85% and 90% LTV will be cut by 0.21% and five-year fixed rate deals at 95% LTV will fall by around 0.1%.
All new rates are live.
Gen H recently secured funding from Perenna to back its newest proposition, New Build Boost.
