Barclays cuts mortgage rates

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Barclays is reducing rates across its range of residential purchase, remortgage and existing customer mortgage products from tomorrow.

The lender has cut selected fixed and tracker products, with reductions of up to 0.13 percentage points across its fixed-rate remortgage range.

In its purchase-only range, a three-year fixed rate at 75% LTV has been reduced from 4.68% to 4.58%, while a five-year fixed rate at 60% LTV has been cut from 4.43% to 4.33%.

At higher LTVs, a five-year fixed Premier product at 80% LTV has been reduced from 4.64% to 4.57%, while a standard equivalent at the same LTV has been cut from 4.67% to 4.60%.

Barclays has also reduced rates across its remortgage-only range, with a three-year fixed product at 60% LTV falling from 4.73% to 4.60% and a 75% LTV product reduced from 4.83% to 4.70%.

Across its purchase and remortgage tracker range, a two-year fixed tracker at 75% LTV has been cut from 4.18% to 4.13%, while a 60% LTV equivalent has been reduced from 4.06% to 4.04%.

The lender has also reduced rates across its Green Home range, with a five-year fixed product at 60% LTV cut from 4.33% to 4.23% and a 75% LTV equivalent reduced from 4.43% to 4.34%.

Existing customer rates have also been cut, with a three-year fixed EMC Reward product at 60% LTV reduced from 4.64% to 4.60%, and a 75% LTV equivalent falling from 4.75% to 4.70%.

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