Barclays has made a number of positive changes across its Residential and Reward ranges.

It is reducing rates by as much as 0.10 percentage points on selected 85% and 90% LTV core range two and five-year fixed rates.

The bank is also introducing two new 75% and 85% LTV Great Escape three-year fixed rates, as well as reducing rates by as much as 0.40 percentage points on selected two and five-year fixed rates within its £1m+ large loan range.

In addition, Barclays is also making reductions to products within its Help to Buy and existing customer Reward range as well as introducing new Premier exclusive rates.

Craig Calder, director of mortgages at Barclays, said: “We constantly review market conditions to ensure our range of fixed rates are competitive as possible. We want to help more hard-working first-time buyers get on the property ladder sooner, as well as those choosing to remortgage, to keep their mortgage costs low.

“Over recent weeks, we have seen several consecutive reductions in the funding market which has enabled us to respond and pass on rate reductions directly to our customers.”