Barclays cut rates by up to 10 bps - Mortgage Strategy

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Barclays has cut rates on a range of two, three, five and seven-year fixed rates by up to 10 basis points today. 

Reductions have been made across its residential and  buy-to-let range as well as its Reward product transfers for existing borrowers.

For residential purchase and remortgage, highlights include:

  • Two-year fixed at 75 per cent loan-to-value with a £999 fee reduced from 1.44 per cent to 1.34 per cent
  • Five-year fixed at 75 per cent loan-to-value with a £999 fee reduced from 1.64 per cent to 1.59 per cent
  • Five-year fixed at 80 per cent loan-to-value with a £999 fee reduced from 1.8 per cent to 1.77 per cent.

The rate cuts come after the lender resumed physical valuations on Monday following the easing of lockdown restrictions.


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