Barclays is trimming rates by up to 20 basis points and relaunching deals tomorrow, while HSBC is cutting rates but has yet to specify by how much.
The lenders join NatWest which is making cuts of up to 19bps tomorrow.
Among the biggest reductions at Barclays are:
- For purchase, two-year fixed at 85% LTV with no fee reduced by 20bps from 4.95% to 4.75%
- For remortgage and for product transfer, five-year fixed at 75% LTV £999 product fee will decrease 13 bps from 4.2% to 4.07%.
- For purchase, five-year fixed at 85% LTV with no fee reduced by 10bps from 4.55% to 4.45%
- A host of other rates are being cut by lesser amounts.
The following Barclays purchase products are being relaunched:
- Two-year fixed rate at 85% LTV with £899 fee at 4.55%
- Five-year fixed rate at 75% LTV with no fee at 4.05%
- Five-year fixed rate at 85% LTV with £899 fee at 4.17%
HSBC is reducing rates on residential and buy-to-let deals, including product transfer, remortgage and first-time buyer products.
The lender does not normally announce new rates ahead of launch.
