Barclays is cutting rates across its residential purchase, remortgage and reward ranges tomorrow.
Among the rate cuts are the following reductions to its standard residential purchase deals:
- 1.49% two-year fixed £0 fee, 75% LTV, loans £5K – £2m reducing to 1.36%
- 2.55% five-year fixed £0 fee, 85% LTV, loans £5k – £2m reducing to 2.39%
- 2.95% five-year fixed £999 fee, 90% LTV, loans £5k – £570k reducing to 2.72%
- 3.08% five-year fixed £0 fee, 90% LTV, loans £5k – £570k reducing to 2.88%
The following more specialist products for purchase are also being cut:
- 1.90% two-year fixed Help to Buy, £0 fee, 75% LTV, loans £25k – £450k reducing to 1.80%
- 2.98% Green Home mortgage five-year fixed £0 fee, 90% LTV, loans £5k -£570k reducing to 2.78%
Barclays is cutting rates on these Mortgage Guarantee Scheme deals for purchase, as well as launching one new product:
- New – 3.45% two-year fixed £0 fee, £750 cashback, 95% LTV, loans £25k – £570k
- 3.40% two-year fixed £0 fee, 95% LTV, loans £25k – £570k reducing to 3.15%
- 3.60% five-year fixed £0 fee, 95% LTV, loans £25k – £570k reducing to 3.45%
The following Family Springboard rates for purchase are being trimmed:
- 3.65% five-year fixed £0 fee, 95% LTV, loans £5k – £500k reducing to 3.50%
- 3.85% five-year fixed £0 fee, 100% LTV, loans £5k – £500k reducing to 3.70%
Barclays is cutting rates on the following Great Escape remortgage deals:
- 1.52% two-year fixed £0 fee, 75% LTV, loans £50k – £2m reducing to 1.39%
- 2.65% five-year fixed £0 fee, 85% LTV, loans £50k – £2m reducing to 2.44%
Its Great Escape products come with a free valuation, free legals plus £250 cashback or £350 if the borrower uses their own solicitor.
The following rates for purchase or remortgage are also being cut:
- 1.05% two-year fixed £999 fee, 75% LTV, loans £5K – £2m reducing to 0.99%
- 2.35% three-year fixed £999 fee, 85% LTV, Loan £5k – £2m reducing to 2.05%
- 2.37% five-year fixed £999 fee, 85% LTV, loans £5k – £2m reducing to 2.18%
Barclays is cutting rates in its Reward range for existing borrowers who looking for a product transfer or further borrowing
- 1.05% two-year fixed £999 fee, 75% LTV, loans £5k – £2m reducing to 0.99%
- 1.45% two-year fixed £0 fee, 75% LTV, loans £5k – £2m reducing to 1.33%
- 2.30% three-year fixed £0 fee, 85% LTV, loans £5k – £2m reducing to 2.05%
- 2.60% three-year fixed £999 fee, 85% LTV, loans £5k – £2m reducing to 2.35%
- 2.32% five-year fixed £999 fee, 85% LTV, loans £5k – £2m reducing to 2.18%
- 2.65% five-year fixed £0 fee, 85% LTV, loans £5k – £2m reducing to 2.40%
The lender is withdrawing a five-year fixed Premier deal for purchases at 1.25% with a £599 fee up to 75% LTV.
Original Article
