Barclays is cutting mortgage rates across its residential range from tomorrow, with reductions of up to 0.36 percentage points on selected fixed-rate deals.

The changes, effective Thursday 14 August, apply to purchase, remortgage and existing customer reward products.

In the purchase-only range, the bank’s 2-year fixed at 85% LTV with a £1,999 fee will fall from 4.75% to 4.39%, while the fee-free 2-year fixed at 85% LTV will drop from 4.63% to 4.43%.

For borrowers with a smaller deposit, the 95% LTV 2-year fixed with no product fee will be cut from 5.05% to 4.88%.

Five-year fixed rates are also being reduced. The 85% LTV deal with a £1,999 fee will come down from 4.60% to 4.20%, while the equivalent fee-free option will fall from 4.37% to 4.23%. The 95% LTV fee-free five-year fixed will drop from 4.99% to 4.80%.

Green Home products are included in the changes, with the 2-year fixed at 85% LTV with a £899 fee decreasing from 4.12% to 4.02%, and the 5-year fixed equivalent moving from 4.19% to 4.02%.

For remortgage customers, the 2-year fixed at 85% LTV with a £999 fee will be reduced from 4.75% to 4.39%, while the 5-year fixed at the same LTV and fee will fall from 4.60% to 4.20%. Barclays’ Great Escape 5-year fixed, aimed at borrowers looking to switch without paying a fee, will see its rate cut from 4.70% to 4.40%.

At the higher loan end, the purchase and remortgage 2-year fixed at 70% LTV with a £1,999 fee will drop from 3.97% to 3.94%, and the 75% LTV equivalent will move from 4.07% to 4.01%.

Existing customers will also benefit. The EMC Reward 2-year fixed at 85% LTV with a £999 fee will reduce from 4.47% to 4.39%, while the 5-year fixed with the same fee will fall from 4.31% to 4.20%. The fee-free 5-year fixed will drop from 4.48% to 4.40%.