Barclays reduces rates across residential and remortgage ranges

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Barclays Mortgages has reduced rates across a wide range of residential purchase, remortgage and existing customer products.

The latest repricing covers a broad selection of two-year and five-year fixed-rate mortgages across different loan-to-value bands, including products aimed at first-time buyers, movers and existing borrowers.

Within its residential purchase-only range, Barclays has cut rates on two-year fixed products at 60%, 75% and 80% LTV, with reductions also applied to both fee-free and fee-paying options.

Five-year fixed rates have also been lowered at higher LTV tiers, alongside reductions to the lender’s Green Home mortgages, available to borrowers purchasing energy-efficient properties.

For remortgaging customers, Barclays has implemented similar reductions across its core two-year and five-year fixed offerings.

This includes lower pricing on its Premier range as well as cuts to products within The Great Escape range, which is designed to support borrowers who may be refinancing following a period on a higher reversion rate.

Rates have also been reduced across the existing customer reward range. Barclays has trimmed pricing on EMC Reward two-year and five-year fixed-rate products at both 60% and 75% LTV, across fee-free and fee-paying options, providing existing borrowers with access to lower rates when switching deals.

The changes apply to loans up to £2m, with minimum loan sizes varying by product.

All revised rates are now live and available to brokers.

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