Barclays is reducing rates across its five-year fixed rate residential purchase and remortgage range.
The changes will take place on Tuesday 10 December.
The bank’s five-year fixed rate at 60% LTV (fee free) will be cut by 14 basis points (bps).
Mark Arnold, head of mortgage and savings at Barclays, said: “Christmas can often be an expensive time of year and the changes we are making are designed to help customers save money, whether they are homebuyers or homemovers.
“Introducing these new rates, with many offering a £0 product switching fee, will benefit our customers and may help to ease the financial burden involved in buying and moving house.”
The changes are as follows:
Existing product decreases:
Residential
Purchase Only
- 4.34% five-year fixed £0 product fee, 60% LTV, Min loan £5k, Max loan £2m, will decrease to 4.20%
- 4.18% five-year fixed £899 product fee, 60% LTV, Min loan £5k, Max loan £2m, will decrease to 4.11%
- 4.27% five-year fixed £899 product fee, 75% LTV, Min loan £5k, Max loan £2m, will decrease to 4.22%
- 4.38% five-year fixed £0 product fee, 75% LTV, Min loan £5k, Max loan £2m, will decrease to 4.30%
Remortgage Only
- 4.16% Premier five-year fixed £999 product fee, 60% LTV, Min loan £5k, Max loan £2m, will decrease to 4.11%
- 4.17% five-year fixed £999 product fee, 60% LTV, Min loan £5k, Max loan £2m, will decrease to 4.12%
- 4.30% five-year fixed £999 product fee, 75% LTV, Min loan £5k, Max loan £2m, will decrease to 4.25%
- 4.36% Great Escape five-year fixed £0 product fee, 60% LTV, Min loan £50k, Max loan £2m, will decrease to 4.26%
- 4.42% Great Escape five-year fixed £0 product fee, 75% LTV, Min loan £50k, Max loan £2m, will decrease to 4.33%
