Its other 2-year fix stands at 2.33% to 80% LTV, while its 5-year fixes include a rate of 2.99% to 70% LTV – the same rate previously offered to 60% LTV.
Other reductions have been made to its 5-year fixes up to 75% and 80% LTV with rates now standing at 3.09% and 3.49%.
Andy Gray, managing director of Mortgages for Barclays, said:
“We are anticipating that our sixth straight rate reduction, offering some of the lowest rates available on the market, will be extremely popular.
“We expect demand for these limited edition products to be very strong so we encourage customers to move quickly and consider how they could personally benefit from these new highly competitive deals by seeking the right mortgage advice.”
Barclays is also offering cheap 2-year tracker products with rates of 1.49% and 1.99% to 75% and 80% LTV respectively, with no early repayment charges.
Barclays expects its new products to have the most impact on the remortgage market, although they are also available to homemovers and first-time buyers.
