Barclays will be making rate increases rates on a selection of residential products in its purchase and remortgage ranges, effective tomorrow.

In addition, it will decrease rates on a number of residential products.

Rate reductions include the bank’s purchase springboard five-year fixed at 100% loan-to-value (LTV) with no fee, which will be cut from 5.64% to 5.54%. This has a minimum loan of £5k and a maximum loan of £500k.

Within Barclays‘ purchase and remortgage range, the two-year offset tracker at 75% LTV with a fee of £1,749 will be trimmed from 4.97% to 4.82% and the five-year offset tracker at 75% LTV with a fee of £1,749 will be lowered from 5.00% to 4.85%.

These both have a minimum loan of £5k and a maximum loan of £2 million.