Barclays has launched what it claims is the UK’s lowest ever 10-year fixed rate mortgage at 2.9%.
It is available up to 60% LTV and was previously available at 3.45%.
It comes with a £999 fee.
Meanwhile, Barclays is introducing a new 60% LTV two-year tracker at Barclays Bank Base Rate (BBBR*) plus 0.89% with a follow on rate on offer of BBBR+1.99%.
It has also reduced the rates on some of its two-year and five-year fixed products.
Andy Gray, managing director of Mortgages for Barclays, said: “We are thrilled to be offering a UK first in the shape of our 10-year 2.99% fixed rate.
“”ur New Year deals cater for a range of needs from homeowners reviewing their mortgage to those hoping to get on the property ladder during 2015 – we are confident our rates will be extremely appealing.
“A homeowner with a £150,000 mortgage balance with a market average SVR of 4.4% could achieve savings of £4,595 over two years when choosing Barclays two-year tracker at BBBR+0.89%.”
