Barclays has reduced its mortgage rates, with a number of deals further below 4%.
Effective from 19 August, the bank has reduced the two-year fix at 60% loan to value (LTV) purchase product with an £899 fee from 3.84% to 3.75%. The corresponding Premier mortgage, for larger loan borrowing, has been cut from 3.83% to 3.74%.
Meanwhile, the fee-free standard product has been lowered from 4.11% to 3.95%.
At 75% LTV, the two-year fix with an £899 fee has been reduced from 4.01% to 3.79%, while the Premier option has been cut from 4% to 3.79% and the fee-free product from 4.23% to 3.99%.
Barclays has also made reductions to three- and five-year fixes as well as its green mortgages.
Across its remortgage range, rates at 60-75% LTV have been lowered, as have the two- and five-year fixed purchase and remortgages with a £1,999 fee.
Five things you need to know about BM’s limited company proposition
Sponsored by BM Solutions
Further, Barclays has reduced mortgage pricing across its existing customer reward range.
The bank has also introduced new products to its residential mortgage offering, including a purchase-only two-year fix with no fee at 80% LTV, with a rate of 4.05%, and a remortgage-only alternative priced at 4.46%.
These changes come a week after Barclays made reductions of up to 0.4% to its range.
This week, the bank announced it had improved its residential mortgage application process to enable completions in 15 minutes.