Barclays is introducing further reductions across its residential mortgage range, with revised rates taking effect from Tuesday 1 July.
The latest changes span both purchase and remortgage products, including adjustments to fixed-rate deals at varying loan-to-value (LTV) tiers.
Among the updated purchase-only products, the 2-year fixed at 85% LTV with an £899 product fee will fall from 4.23% to 4.14%, while the equivalent 5-year fixed will drop from 4.38% to 4.21%. Fee-free options are also included in the adjustments, such as the 2-year fixed at 60% LTV, which will reduce from 4.20% to 4.09%.
Higher-LTV options, including Premier and Green Home products, are also seeing rate cuts. The 5-year Green Home fixed deal at 85% LTV and £899 fee will fall from 4.28% to 4.11%, while its 2-year counterpart will reduce to 4.04%.
A similar trend is evident in the 90% LTV category, where Premier 5-year fixes will move down from 4.70% to 4.33%.
Barclays has also introduced changes to its remortgage-only range. The Great Escape 2-year fixed at 60% LTV and no product fee will be reduced to 4.15%, while the 5-year Great Escape deal at the same LTV will drop from 4.20% to 4.09%.
Other remortgage products with fees, such as the 3-year fixed at 60% LTV and £999 fee, will decrease to 3.92%.
Further reductions have been announced across the bank’s EMC Reward range for existing customers. The 2-year fixed at 85% LTV with a £999 fee will fall from 4.75% to 4.47%, while the fee-free version at the same LTV will drop to 4.77%.
At the 90% LTV tier, products will reduce by similar margins, with some 2-year deals falling as low as 4.78%.
Five-year fixed EMC Reward products have also been revised. The 5.82% fee-free deal for loans over 90% LTV will drop to 5.52%, and the 5.77% equivalent will decrease to 5.47%.
Elsewhere, 5-year fixed rates at 85% and 90% LTVs have been cut by up to 0.20%.
