Barclays has made a number of mortgage rate cuts for first time buyers and those with smaller deposits.

Reductions have been made to Barclays Help To Buy 2 (mortgage guarantee scheme) products, including a 4.49% two-year fixed rate at 95% LTV.

In addition, customers can receive free legal costs and cashback options on Barclays two and five-year fixed rates:

• 1.77% two-year fixed rate at 60% LTV
• 2.49% five-year fixed rate at 60% LTV
• 2.95% five-year fixed rate at 70% LTV

“We kicked off 2015 with the launch the UK’s lowest ever 10-year fixed rate at 2.99%,: said Andy Gray, managing director of mortgages for Barclays.

“Building upon this, our 14th straight rate reduction provides an opportunity to demonstrate our commitment to giving first time buyers and those with smaller deposits access to market leading mortgage rates.”