Barclays will cut selected residential purchase fixed-rate loans by as much as 50 basis points from tomorrow (10 January).
Highlights among the high street bank’s reductions include:
- Two-year fixes, with a £899 product fee, at 60% loan to value, fall to 4.17% from 4.62%
- Two-year fixes, with a £899 product fee, at 75% LTV, fall to 4.20% from 4.70%
- Two-year Mortgage Guarantee Scheme fixes, with no product fee, at 95% LTV, fall to 5.50% from 5.80%
Other reductions cover:
- Two-year Premier fixes, with a £899 product fee, at 60% LTV, fall to 4.10% from 4.60%
- Five-year Springboard fixes, with no product fee, at 100% LTV, fall to 6.29% from 6.69%
- Five-year Mortgage Guarantee fixes, with no product fee, at 95% LTV, fall to 6.27% from 6.67%
