Barclays adds to sub-4% deal options; Clydesdale reduces rates too Mortgage Strategy

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Having recently announced sub-4% rates earlier in April on selected products, Barclays has introduced an additional six products under 4%, including for existing mortgage customers.

The biggest single rate cut will be 33bps, on a remortgage two-year fixed 75%, with a £999 product fee.

Other product rate decreases include, for residential purchase only, 3.98% Premier two-year fixed with £899 product fee, 60% LTV, Min loan £5k, Max loan £2m, will decrease to 3.91%. And 3.98% Premier five-year fixed with £899 product fee, 60% LTV, min loan £5k, max loan £2m, will decrease to 3.92%.

For remortgage, the lender’s 4.20% Premier two-year fixed with £999 product fee, 60% LTV, min loan £5k, max loan £2m, will decrease to 3.95%

For Barclays existing Customer Reward Range on residential, the lender has confirmed that its 4.06% EMC Reward two-year fixed with £999 product fee, 60% LTV, min loan £1k, max loan £2m, will decrease to 3.95%; and its 3.98% EMC Reward five-year fixed with £999 product fee, 60% LTV, Min loan £1k, Max loan £2m, will decrease to 3.95%.

Clydesdale Bank has also announced selected rate changes with effect from 30 April. For core residential (including Product Transfer); Selected Residential 65%-75%  two and five-year  rates will be reduced by up to 0.15%.

For exclusives, selected 65%-75% residential two and five-year large loan  rates will be reduced by up to 0.15%; residential existing customer product transfer exclusives will be reduced by up to 0.15%; and residential 50% large Loan exclusives will be reduced by up to 0.15%.

For core buy to let,  selected BTL 60% and 75% two and five- year rates will be increased by up to 0.09%.


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