Barclays cuts residential and Reward rates and simplifies switch and save

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Barclays is making changes across its residential and Reward ranges, with new products launching tomorrow (1 November).

The bank is reducing rates by up to 0.11 percentage points on selected 90% and 95% LTV core range two and five-year fixed rates and 0.11 percentage points on its fee free 60% and 75% LTV core range five-year fixed rates.

It is increasing the maximum loan size to £5,000,000 on the equivalent five-year fixed £999 fee products.

Barclays is also reducing rates by up to 0.13 percentage points on its existing 80% LTV 10-year fixed rates and introducing new 70% and 90% 10-year products.

It is also making reductions to key products within its existing customer Reward range and simplifying its switch and save options, so all two and five-year products with a £999 fee now come with the option of £250 cashback.

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