Barclays will reduce rates across selected residential purchase, remortgage, tracker and existing customer products from 2nd July, with cuts of up to 0.13%.
Barclays has announced a series of reductions across its residential mortgage range, with selected purchase, remortgage, tracker and existing customer products becoming cheaper from Thursday 2nd July.
The lender has reduced a number of fixed-rate products by up to 0.13%, including its Green Home range. The largest reduction sees the Green Home 5-year fixed at 60% LTV with an £899 fee fall from 4.33% to 4.23%, while the equivalent 75% LTV product reduces from 4.43% to 4.34%.
Within the purchase-only range, Barclays has lowered rates on several 5-year fixed products. The 60% LTV product with an £899 fee falls to 4.33%, while the fee-free equivalent reduces to 4.48%. At 75% LTV, rates reduce to 4.44% with an £899 fee and 4.58% with no fee. The lender has also cut its Premier 5-year fixed at 80% LTV from 4.64% to 4.57%, while the standard fee-free product at the same LTV falls to 4.60%.
For remortgage customers, Barclays has reduced its 3-year fixed products with a £999 fee. The 60% LTV option falls from 4.73% to 4.60%, while the 75% LTV product reduces from 4.83% to 4.70%.
The lender has also trimmed rates on selected 2-year tracker products available for both purchases and remortgages. The 60% LTV product with a £999 fee falls from 4.06% to 4.04%, while the 75% LTV equivalent reduces from 4.18% to 4.13%.
Existing Barclays mortgage customers will also benefit from lower pricing through the lender’s Existing Mortgage Customer Reward range. The 3-year fixed products at 60% and 75% LTV, both with a £999 fee, will reduce to 4.60% and 4.70% respectively.