Barclays has reduced a wide selection of mortgage rates, with several products now dropping below 4%, following changes that took effect today, 9 December.

The lender has focused the latest reductions on its residential remortgage range and existing customer reward products, narrowing pricing on both two-year and five-year fixed terms.

Barclays said the move is designed to support borrowers as they navigate a shifting rate environment and renewed interest in shorter-term fixes.

RESIDENTIAL REMORTGAGE PRODUCTS

Several two-year fixed remortgage products have been cut by 10 basis points at 60% loan to value. The Premier two-year fix with a £999 fee has fallen from 3.80% to 3.70%, while the equivalent non-Premier version has reduced from 3.81% to 3.71%.

At 75% loan to value, pricing on the two-year fixed with a £999 fee has been lowered from 3.92% to 3.82%.

GREAT ESCAPE

Barclays has also trimmed rates within its Great Escape products, the fee-free remortgage range designed for customers switching without incurring early redemption charges. The two-year Great Escape fix at 60% loan to value has moved from 4.07% to 4.04%, and the 75% loan to value equivalent has reduced from 4.17% to 4.12%.

Five-year fixed products have also been repriced. The Premier five-year fix at 60% loan to value and a £999 fee now stands at 3.80%, down from 3.84%, while the standard version has fallen from 3.85% to 3.81%. Borrowers at 75% loan to value have seen pricing decrease from 3.93% to 3.88%.

Within the fee-free Great Escape range, the five-year fix at 60% loan to value has reduced from 4.03% to 4.00%, and the 75% loan to value option has been cut from 4.10% to 4.05%.

EXISTING CUSTOMERS

Barclays has also lowered rates within its existing customer reward (EMC Reward) range. The two-year fix at 60% loan to value with a £999 fee has decreased from 3.80% to 3.70%, while the fee-free version has been cut from 4.07% to 4.03%.

At 75% loan to value, the two-year fixed with a £999 fee has fallen from 3.92% to 3.81%, and the fee-free option has moved from 4.17% to 4.11%.

Five-year fixes under the existing customer range have also seen reductions. The 60% loan-to-value product with a £999 fee has dropped from 3.84% to 3.80%, while the fee-free alternative has been cut from 4.03% to 3.99%.

At 75% loan to value, the £999-fee product has been reduced from 3.93% to 3.87%, and the fee-free version now stands at 4.04%, down from 4.10%.

The largest loan tier has also seen an adjustment, with the 70% loan-to-value five-year fix carrying a £1999 fee for loans from £2m to £10m decreasing from 3.96% to 3.90%.