Five-year fixed rates see some of the sharpest reductions. The 60% LTV product with a £899 fee falls from 4.76% to 4.43%, a reduction of 0.33 percentage points, while the fee-free version at the same tier drops from 4.86% to 4.52%. At 90% LTV, the Premier five-year fix with a £899 fee decreases from 4.75% to 4.58%, and the fee-free equivalent falls from 5.15% to 4.85%.
Higher LTV borrowers also benefit from the reductions. The 95% LTV five-year fix (no fee) drops from 5.29% to 5.09%, and the Springboard 95% LTV product falls from 5.32% to 4.99%. The Springboard 100% LTV rate decreases from 5.54% to 5.19%.
Green Home products are also included in the changes. The two-year fix at 60% LTV (no fee) falls from 4.54% to 4.41%, and the five-year fix at the same tier with a £899 fee drops from 4.66% to 4.33%.
Three-year fixed rates are also being reduced, with the 75% LTV product falling from 5.05% to 4.68%, the 90% LTV product from 5.25% to 5.05%, and the 95% LTV product from 5.42% to 5.32%.
Barclays is simultaneously withdrawing its 3.96% two-year tracker best-buy product.