Barclays is reducing the rates on a selection of products across its residential, buy-to-let and Reward ranges.

Key residential changes:

• New – 1.75% 5 Year Fixed, £1,295 product fee, 60% LTV, Min loan £35,000 Max loan £1,000,000  (Buy-to-let purchase only)
• Reduced – 2.85% 2 Year Fixed, £0 product fee, 95% LTV, Min loan £5,000, Max loan £500,000 will decrease to 2.80%  (residential purchase only)
• Reduced – 1.89% 7 Year Fixed, £999 product fee, 60% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 1.84% (residential purchase and remortgage)

No products are increasing in rate and none are being withdrawn and not replaced as part of this launch.

New buy-to-let:

Purchase

• 1.75% 5 Year Fixed Purchase Only, £1,295 product fee, 60% LTV, Min loan £35,000, Max loan £1,000,000

Rate cuts:

Residential

Purchase and Remortgage

• 1.89% 7 Year Fixed, £999 product fee, 60% LTV, Min loan £5,000, Max loan £1,000,000, will decrease to 1.84%

Purchase

• 2.85% 2 Year Fixed, £0 product fee, 95% LTV, Min loan £5,000, Max loan £500,000, will decrease to 2.80%

Buy-to-let:

Purchase and Remortage

• 2.77% 5 Year Fixed, £0 product fee, 75% LTV, Min loan £35,000, Max loan £1,000,000, will decrease to 2.67%

Purchase

• 2.22% 5 Year Fixed Purchase Only, £,1,295 product fee, 75% LTV, Min loan £35,000, Max loan £1,000,000, will decrease to 2.13%

In addition to the above, Barclays is also launching a new 60% LTV buy-to-let five-year fixed rate for purchase applications.