Barclays, Accord and Coventry make product changes Mortgage Finance Gazette

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Barclays is making rate changes to a selection of products in it purchase, remortgage and reward ranges, effective tomorrow (29 January).

The bank has launched a two-year fixed rate purchase product at 85% loan-to-value (LTV) with a fee of £899 with a rate of 3.75%, available between £5k and £2 million.

It has also made cuts to purchase rates. The two-year fixed at 90% LTV with a fee of £899 has been lowered from 4.55% to 4.20%, available from £5k up to £640k.

The five-year fixed at 90% LTV with a fee of £899 has also been cut from 4.37% to 4.17%, available from £5k up to £640k.

Barclays has also made cuts to its EMC Reward product range. These include the two-year fixed at 85% LTV with no fee, which will be lowered from 4.59% to 4.36%, available from £1k to £2m.

Among other cuts, the five-year fixed at 90% LTV with no fee has been lowered from 4.65% to 4.55%, available from £1k to £2m.

Elsewhere, Accord Mortgages is making changes to its residential new business, product transfer and additional loans product ranges.

The current residential new business range will be withdrawn at 10pm on 28 January and the new range will be available at 8am on 29 January.

The lender will withdraw its first-time buyer £500 cashback and £495 fee products at 75% and 85% LTV.

In addition, end dates will be extended to the end of May.

Accord is also withdrawing its product transfer and additional loan range at 10pm on 29 January and the new range will be available at 8am on 30 January.

It will also extended end dates to the end of May.

Meanwhile, Coventry for Intermediaries has announced it will reduce all limited company buy-to-let (BTL) fixed rates for new borrowers.