Barclays Mortgages has made a series of rate reductions across a number of ranges.

It says the changes are designed to help customers looking to get their finances in order following the holiday period with offers on remortgaging and those first time buyers purchasing in the New Year.

Craig Calder, director of Barclays Mortgages, said: “We are really excited about the great opportunities of the mortgage market in early 2019.

“We expect the remortgage market to be particularly vibrant as many customers will be looking to get their finances in order following the holiday period, so in addition to a host of reductions across our existing rates, we are delighted to confirm the launch of a new product which comes with £500 cashback.”

Launch residential highlights available for remortgage:

• 1.97% 2 Year Fixed, £0 product fee, 70% LTV, Min loan £50k Max loan £1m with £500 cashback
• 2.12% 2 Year Fixed, £0 product fee, 85% LTV, Min loan £50k Max loan £1m with £500 cashback
• 2.06% 5 Year Fixed, £0 product fee, 60% LTV, Min loan £50k Max loan £1m with £500 cashback

Residential purchase product changes:

• 1.79% 2 Year Offset, £1,749 product fee, 75% LTV, Min loan £5,000, Max loan £2,000,000 will decrease to 1.69%
• 2.09% 2 Year Offset, £499 product fee, 75% LTV, Min loan £5,000, Max loan £300,000 will decrease to 1.99%