Barclays will reduce rates across its residential mortgage range from tomorrow, 31 October, with a number of products now falling below the 4% threshold, including one at 3.72%.
The lender has also made further cuts to its 95% loan-to-value (LTV) range, offering additional support to borrowers with smaller deposits.
Among the headline reductions, the Premier two-year fixed rate at 60% LTV with a £899 product fee will fall from 3.85% to 3.72%, while the equivalent standard two-year fixed will drop from 3.86% to 3.73%.
The fee-free version at the same LTV will reduce from 4.06% to 3.93%.
For higher LTV borrowers, the two-year fixed at 95% LTV with no product fee will decrease from 4.87% to 4.82%. On five-year fixes, Barclays will lower its Premier 60% LTV rate from 4.00% to 3.97%, while the standard product will fall from 4.01% to 3.98%.
The fee-free option will move from 4.19% to 4.09%.
The lender’s 95% LTV five-year fixed will also see a modest reduction from 4.82% to 4.79%.
Barclays’ Green Home range, designed to reward energy-efficient properties, will also benefit from rate cuts. The two-year fixed at 60% LTV will fall from 3.96% to 3.83%, while the five-year equivalent will drop from 3.91% to 3.88%.
