Barclays is making rate reductions tomorrow (27 November).

It is reducing its two-year and five-year 60% and 75% fixed rates in its residential purchase and remortgage product range.

Rate reductions are as follows:

Residential (available for purchase and remortgage)

• 1.59% two-year fixed, £999 product fee, 60% LTV, Min loan £5000, maximum loan £1,000,000 will decrease to 1.53%
• 1.67% two-year fixed, £999 product fee, 75% LTV, Min loan £5000, maximum loan £1,000,000 will decrease to 1.59%
• 2.04% five-year fixed, £999 product fee, 60% LTV, Min loan £5000, maximum loan £1,000,000 will decrease to 1.94%

In addition, its 1.99% five-year fixed rate, with £999 product fee, 75% LTV, minimum loan £5000 is having its maximum loan amount increased to £1,000,000.

Barclays is also introducing a residential remortgage deal at 1.99%; it is a five-year fixed with £999 product fee, 75% LTV, minimum loan £5000, maximum loan £1,000,000.