The purchase premier three-year fixed at 60% loan-to-value (LTV) with a product fee of £899 has been lowered from 3.97% to 3.70%.

It has also cut the three-year fixed at 75% LTV with a fee of £899 from 4.14% to 3.85% and the three-year fixed at 60% LTV with no fee has been lowered from 4.12% to 3.84%.

Barclays has lowered the Premier five-year fixed at 60% LTV with a fee of £899 from 3.81% to 3.78% and the five-year fixed at 60% LTV with a fee of £899 from 3.82% to 3.79%.

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

The bank’s remortgage rates have also been cut. These include the three-year fixed at 60% LTV with a fee of £999, which has been reduced from 3.90% to 3.75% and the three-year at 75% LTV with a fee of £999, which has been lowered from 4.03% to 3.86%.

In addition, the existing customer reward range has had price cuts. The residential EMC Reward three-year fixed at 60% LTV with a fee of £999 has been lowered from 3.90% to 3.74% and the EMC Reward three-year fixed at 75% LTV with a fee of £999 has been decreased from 4.03% to 3.85%.

Both have a minimum loan of £1k and a maximum loan of £2m.

Elsewhere, Suffolk Building Society has trimmed prices by as much as 20 basis points across seven fixed rate C&I and interest only resi mortgages.

The two-year fixed rate products will be set up with extended end dates to ensure that borrowers can benefit from a full two-year fixed period.

In the society’s 80% LTV residential range the two-year fixed C&I has been cut by 16bps to 4.79% and the two-year fixed IO has been lowered to 4.99%, down 16bps.

The 90% LTV residential two-year fixed C&I has decreased by 10bps to 4.99% and the five-year fixed C&I has been trimmed by 10bps to 5.05%.

Also, 95% LTV residential two-year fixed C&I has been reduced by 10bps to 5.25%.

Suffolk Building Society head of intermediaries Charlotte Grimshaw says: “As we approach the last couple of weeks of 2025, we’re excited to offer further rate reductions, this time across our residential range (including 95% LTV products). They follow last week’s reductions in two of our niches – self build and expat BTL.”

“Today’s cuts will be welcomed by FTBs, those looking at intergenerational lending, older borrowers and more.”

“After all the recent uncertainty, any downward movement in rates is welcome. Our latest reductions will, we hope, provide some added confidence as we move towards the new year – particularly with the possibility of a base rate cut on Thursday.”