Barclays claims lowest five-year fixed rate on the market

Barclays is making further reductions to its mortgage rates tomorrow (4 March).

New rates include one at 3.96%, which Barclays says is the lowest five-year fixed rate available on the market.

Barclays is also reducing other rates by up to 48 basis points (bps).

The lender is also increasing the maximum loan amount for 90% loan to value (LTV) purchases for houses and flats.

The cap for houses has increased from £570k to £640k, while the cap for flats has increased from £275k to £310k.

Sian McIntyre, managing director of mortgages and savings at Barclays, said: “With bills and costs rising, we know how challenging homebuyers are finding things right now. We’ve introduced several rate drops already this year across our mortgage range, making a real difference in affordability, and we’re delighted to announce more rate cuts.

“This includes bringing our Green Home mortgage even further below 4%, making it the lowest five-year fixed rate available on the market.”

Existing product decreases:

Residential

Purchase Only

4.21% Premier two-year fixed £899 product fee, 60% LTV, Min loan £5k, Max loan £2m, will decrease to 4.10%
4.22% two-year fixed £899 product fee, 60% LTV, Min loan £5k, Max loan £2m, will decrease to 4.11%
4.41% two-year fixed £0 product fee, 60% LTV, Min loan £5k, Max loan £2m, will decrease to 4.36%
4.33% Premier two-year fixed £899 product fee, 75% LTV, Min loan £5k, Max loan £2m, will decrease to 4.24%
4.34% two-year fixed £899 product fee, 75% LTV, Min loan £5k, Max loan £2m, will decrease to 4.25%
4.55% two-year fixed £0 product fee, 75% LTV, Min loan £5k, Max loan £2m, will decrease to 4.45%
4.65% two-year fixed £899 product fee, 85% LTV, Min loan £5k, Max loan £2m, will decrease to 4.49%
4.89% two-year fixed £0 product fee, 85% LTV, Min loan £5k, Max loan £2m, will decrease to 4.68%
5.00% Premier two-year fixed £899 product fee, 90% LTV, Min loan £5k, Max loan £640k, will decrease to 4.73%
5.01% two-year fixed £899 product fee, 90% LTV, Min loan £5k, Max loan £640k, will decrease to 4.74%
5.41% two-year fixed £0 product fee, 90% LTV, Min loan £5k, Max loan £640k, will decrease to 4.93%
4.85% two-year fixed £1999 product fee, 85% LTV, Min loan £2m, Max loan £5m, will decrease to 4.72%
4.26% five-year fixed £0 product fee, 60% LTV, Min loan £5k, Max loan £2m, will decrease to 4.16%
4.09% five-year fixed £899 product fee, 60% LTV, Min loan £5k, Max loan £2m, will decrease to 4.06%
4.29% five-year fixed £899 product fee, 75% LTV, Min loan £5k, Max loan £2m, will decrease to 4.19%
4.43% five-year fixed £0 product fee, 75% LTV, Min loan £5k, Max loan £2m, will decrease to 4.35%
4.46% five-year fixed £899 product fee, 85% LTV, Min loan £5k, Max loan £2m, will decrease to 4.36%
4.60% five-year fixed £0 product fee, 85% LTV, Min loan £5k, Max loan £2m, will decrease to 4.46%
4.69% Premier five-year fixed £899 product fee, 90% LTV, Min loan £5k, Max loan £640k, will decrease to 4.57%
4.74% five-year fixed £899 product fee, 90% LTV, Min loan £5k, Max loan £640k, will decrease to 4.62%
4.97% five-year fixed £1999 product fee, 85% LTV, Min loan £2m, Max loan £5m, will decrease to 4.76%
4.31% Green Home two-year fixed £0 product fee, 60% LTV, Min loan £5k, Max loan £2m, will decrease to 4.26%
4.45% Green Home two-year fixed £0 product fee, 75% LTV, Min loan £5k, Max loan £2m, will decrease to 4.35%
5.31% Green Home two-year fixed £0 product fee, 90% LTV, Min loan £5k, Max loan £640k, will decrease to 4.83%
3.99% Green Home five-year fixed £899 product fee, 60% LTV, Min loan £5k, Max loan £2m, will decrease to 3.96%
4.19% Green Home five-year fixed £899 product fee, 75% LTV, Min loan £5k, Max loan £2m, will decrease to 4.09%
4.64% Green Home five-year fixed £899 product fee, 90% LTV, Min loan £5k, Max loan £640k, will decrease to 4.52%
5.45% Mortgage Guarantee two-year fixed £0 product fee, 95% LTV, Min loan £25k, Max loan £570k, will decrease to 5.28%
5.23% Mortgage Guarantee five-year fixed £0 product fee, 95% LTV, Min loan £25k, Max loan £570k, will decrease to 5.03%.