Barclays Mortgages is launching a two-year fixed rate and cutting rates across a number of its existing higher LTV purchase, remortgage and Help to Buy products for first time buyers purchasing in the New Year.

Deals include the following:

Purchase only:

• New: 1.28% two-year fixed, 50% LTV, £999 fee, £5k – £2m
• 1.65% two-year fixed, 85% LTV, £999 fee, £5k – £2m
• 1.85% five-year fixed, 60% LTV, £999 fee, £5k – £2m
• 2.18% five-year fixed, 85% LTV, £999 fee, £5k – £2m

Craig Calder, director of Barclays Mortgages, said: “We are really excited about the potential of the market in early 2018. These new and reduced rates will boost our already highly competitive product range.

“As well as the new two-year fixed, the rate reductions we are making on our higher LTV products will provide even better value for customers looking to move or buy their first home.”