Barclays trims rates on wide range of deals - Mortgage Strategy

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Barclays is trimming rates on scores of products tomorrow, while also increasing costs on two deals in its reward range.

The lender is making cuts of up to 10 basis points on residential, buy-to-let and reward deals.

It is introducing new 60 per cent and 75 per cent loan-to-value trackers, including options for loans up to £5m.

The new rates start at 1.18 per cent for a two-year tracker up to 60 per cent LTV with a £999 fee.

It is also launching a new two-year offset tracker for residential purchases only which is 1.54 per cent with a £1,749 fee up to 75 per cent LTV.

Among its rate reductions, highlights include:

  • Help to Buy two-year fixed at 1.74 per cent with a £749 product fee  at 75 per cent LTV will decrease to 1.64 per cent.
  • Residential purchase remortgage and reward two-year fixed at 1.26 per cent with a £999 product fee at 60 per cent LTV will decrease to 1.18 per cent.
  • Residential purchase remortgage and reward five-year fixed at 1.49 per cent with a £999 product fee at 70 per cent LTV will decrease to 1.45 per cent.

The lender is also increasing the cost of  trackers within its residential reward range:

  • Two-year tracker at 1.29 per cent with a £999 fee at  75 per cent LTV will increase to 1.32 per cent.
  • Offset two-year tracker at 1.44 per cent with a £1,749 product fee at 80 per cent LTV will increase to 1.54 per cent.

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