Barclays has introduced a number of rate reductions across products within its residential purchase, remortgage and Reward ranges.

The changes will come into effect tomorrow, 2 February.

These changes see Barclays reduce a selection of its 60%, 75% and 85% LTV two and five-year fixed rates by up to 0.19 percentage points across its residential mortgage ranges.

Key purchase rate changes:

• Reduced – 1.77% two-year fixed, £0 fee, 60% LTV now 1.58%
• Reduced – 1.28% two-year fixed, £999 fee, 60% LTV now 1.22%
• Reduced – 1.78% five-year fixed, £999 fee, 75% LTV now 1.67%

Key remortgage changes:

• Reduced – 1.28% two-year fixed, £999 fee, 60% LTV now 1.22%
• Reduced – 2.81% two-year fixed, £999 fee, 85% LTV now 2.67%
• Reduced – 3.09% Great Escape two-year fixed, £0 fee, 85% LTV now 2.95%

The Great Escape products come with a free non-disclosed valuation, free legals plus £250 cashback.