Barclays is cutting selected residential mortgage rates by up to 40bps from 11 November.

The largest cuts are to five-year fixed-rate mortgages, with cuts across purchase and remortgage products, including for borrowers with higher loan-to-value (LTV) ratios.

Among the biggest reductions, Barclays is cutting its five-year fixed-rate purchase mortgage at 90% LTV, with a £0 product fee, from 5.63% to 5.28% – a reduction of 35bps.

Its five-year fixed-rate purchase deal at 85% LTV, also with no product fee, will fall from 5.55% to 5.27%, a 28bps cut.

The lender is also reducing its five-year fixed-rate purchase mortgage at 75% LTV, with a £899 fee, from 5.30% to 4.98%, a 32bps reduction. The equivalent no-fee deal will fall by 34bps, from 5.45% to 5.11%.

For remortgage customers, Barclays is making particularly significant reductions to its five-year fixed-rate range. Its 85% LTV deal, with a £999 product fee, will fall from 5.74% to 5.34%, a 40bps cut – the largest reduction announced.

The lender is also cutting its five-year fixed-rate remortgage at 75% LTV, with a £999 fee, from 5.42% to 5.14%, a 28bps reduction. Its Great Escape five-year fixed-rate remortgage at 75% LTV, with no product fee, will decrease from 5.56% to 5.32%, a 24bps cut.

Two-year fixed-rate purchase mortgages will also see reductions. At 85% LTV, the £899 fee option will fall from 5.48% to 5.29%, while the no-fee Premier option will decrease from 5.56% to 5.35%.

Barclays is also reducing selected green mortgage rates. Its five-year fixed-rate Green Home mortgage at 75% LTV, with a £899 product fee, will fall from 5.2% to 4.88%, a 32bps reduction. The 90% LTV no-fee option will decrease from 5.53% to 5.18%, a 35bps cut.

The changes extend to the lender’s existing customer reward range, with its five-year fixed-rate EMC Reward mortgage at 85% LTV falling from 5.7% to 5.34%, a 36bps reduction.

Barclays is also introducing two new two-year fixed-rate remortgage products: a 75% LTV deal at 5.20% with a £999 product fee, and a 90% LTV option at 5.39%, also with a £999 fee.

Not all rates are decreasing. The lender is increasing its Premier two-year tracker purchase mortgage at 60% LTV from 4.24% to 4.37%, a rise of 13bps.

The rate changes apply from 11 November.

In other big lender changes today, Halifax Intermediaries has relaxed its affordability assessment for some doctors and dentists to allow their full annual income to be considered.