Barclays cuts rates by up to 34 bps and adds green deals | Mortgage Strategy

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Barclays is cutting rates on some of its residential deals by up to 34 basis points tomorrow, as well as adding products to its green mortgage range.

The lender is reducing rates on the following residential purchase, remortgage and reward ranges deals:

  • Two-year fixed £1999 fee, 70% LTV,  £2m – £10m, cut from 1.44% to 1.35%
  • Two-year fixed £1999 fee, 75% LTV,  £2m – £5m, cut from 1.79% to 1.65%
  • Five-year fixed £1999 fee, 70% LTV,  £2m – £10m, cut from 1.62% to 1.52%
  • Five-year fixed £1999 fee, 75% LTV,  £2m – £5m, cut from 1.82% to 1.67%

Residential reward range

  • Two-year fixed £0 fee, 60% LTV,  £5k – £2m, cut from 1.58% to 1.29%
  • Two-year fixed £0 fee, 75% LTV,  £5k – £2m, cut from 1.88% to 1.54%
  • Five-year fixed £0 fee, 60% LTV,  £5k – £2m, cut from 1.59% to 1.49%
  • Five-year fixed £0 fee, 75% LTV,  £5k – £2m, cut from 1.90% to 1.74%
  • Five-year fixed £999 fee, 60% LTV,  £5k – £2m, cut from 1.29% to 1.24%
  • Five-year fixed £1999 fee, 70% LTV,  £5k – £2m, cut from 1.43% to 1.35%

Barclays green mortgage range will include the following deals from tomorrow: 

  • Help to Buy two-year fixed at 1.74%, £749 fee, 75% LTV, £25k – £450k
  • Help to Buy five-year fixed at 1.88% with, £749 fee, 75% LTV, £25k – £450k
  • Two-year fixed 3.62%, £0 product fee, 90% LTV, £5k £570k
  • Five-year fixed 3.62%, £0 product fee, 90% LTV, £5k – £570k

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