Barclays and Accord Mortgages have announced rate reductions.
Barclays has cut rates for existing customers within its residential range, including the two-year fixed, with no fee at 85% loan-to-value (LTV), with minimum loan of £5,000, maximum £2m, which has gone down from 4.63% to 4.43%.
The five-year fixed with no fee at 95% LTV, a minimum loan of £25k and maximum loans of £570k will decrease to 4.80% from 4.99%.
In addition, the green home five-year fixed with a £899 product fee at 85% LTV with minimum loan of £5,000 and a maximum loan of £2m has been reduced from 4.19% to 4.02%.
In the remortgage only range, the two-year fixed with a product fee of £999 at 85% LTV, a minimum loan of £5k and a maximum loan of £2m will decrease from 4.75% to 4.39%.
The remortgage five-year fixed with a fee of £999 at 85% LTV, a minimum loan £5,000 and a maximum loan of £2m will go down from 4.60% to 4.20%.
The purchase and remortgage two-year fixed with a fee of £1,999 at 70% LTV with a minimum loan of £2m and a maximum loan of £10m will be lowered from 3.97% to 3.94%.
The two-year fixed with a fee of £1,999 at 75% LTV with a minimum loan of £2m and a maximum loan of £5m will also go down from 4.07% to 4.01%.
In the existing customer reward range, the residential EMC Reward two-year with a fee of £999 at 85% LTV, a minimum loan of £1,000 and a maximum loan of £2m will be reduced from 4.47% to 4.39%.
The five-year equivalent has also been cut from 4.31% to 4.20%.
Meanwhile, Accord Mortgages has trimmed prices across its buy-to-let (BTL) range.
The intermediary-only lender has cut rates across two-and five-year fixes, with rates on products at 60%, 65% and 75% LTV has decreased by 0.06%.
Highlights of the new range include a five-year fixed-rate mortgage up to 60% LTV, available for house purchase, down from 4.12% to 4.06%, with a £1,995 fee, and free standard valuation.
A two-year fix up to 75% LTV, available for those remortgaging, has also been cut from 4.42% to 4.36%, which comes with a £995 fee, free standard valuation and remortgage legal service, while a five-year fix up to 60% LTV, available for those remortgaging at 4.16%, down from 4.22%, with a £995 fee, free standard valuation and remortgage legal service.
The lender has also extended end dates to 30 November, to maximise product term value for brokers and their clients.
Accord mortgage product manager Cheryl Bleasdale says:“ We’re pleased to be able to take the opportunity presented by a drop in swap rates, which allows us to refresh the range and improve the competitiveness of our products, providing better value options for landlord borrowers who might be looking for either a longer or a shorter-term fix.”
