Barclays said the two-year fixed remortgage, available within its existing customer reward range, was the joint-lowest on the market.
It is available at 60% loan to value (LTV) with a £999 fee, and was previously priced at 3.9%.
Other changes include the two-year fixed standard remortgage at the same tier, which was cut from 3.91% to 3.84%. At 75% LTV, the equivalent product has a rate of 3.99%, down from 4.14%.
Reductions have also been made to its two-year fixed purchase and remortgage options with a £1,999 fee, with the 60% LTV deal falling from 3.91% to 3.89%, the 70% LTV option going from 4.03% to 3.97% and the 75% LTV offering cut from 4.14% to 4.05%.
These latest changes will go live on 11 July and follow Barclays cutting 40 product rates earlier this week.
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Clydesdale Bank lowers rates and adds deals
Clydesdale Bank has also made reductions to its mortgage rates, with selected core residential pricing at 65-95% LTV, fixed for two or five years, falling by as much as 0.2%.
Across its exclusive offering, two-year purchase products at 90-95% LTV have been cut by up to 0.14%, while the two-year remortgage exclusive at 80% LTV will be reduced by up to 0.08%.
Cuts of up to 0.18% have also been made to the lender’s two-year fixed product transfer exclusive at 65% LTV, and the two- and five-year large loan products at 65-80% LTV.
Selected professional and newly qualified professional two- and five-year fixes at 80-95% LTV will be reduced by as much as 0.26%, and two-year discount offset rates at 80% LTV will be reduced by 0.25%.
On 11 July, Clydesdale Bank will launch a five-year fee offer buy-to-let (BTL) rate for new business, starting at 4.99%. It will also add purchase and remortgage two-year fee offer exclusives starting from 4.58%, at 75% and 80% LTV.
