Barclays cuts resi rates by 0.31% – Mortgage Strategy

Barclays has reduced residential rates on its two- and five-year products by up to 31 basis points, effective 25 June.

Products with the biggest cuts include:

• 4.98% premier two-year fixed £899 product fee, 60% loan-to-value (LTV), min loan £5k, max loan £2m, will decrease to 4.67%
• 4.99% two-year fixed £899 product fee, 60% LTV, min loan £5k, max loan £2m, will decrease to 4.68%

Other reductions include the two-year fixed 75% LTV with a product fee of £899 with a minimum loan of £5k and a maximum loan of £2m has been lowered from 5.05% to 4.75%.

The lender’s largest rate cut on a five-year product is 0.18%, where the 60% LTV with a minimum loan of £5k, a maximum loan of £2m, and a product fee of £899 will be reduced to 4.23%.