Barclays cuts residential and buy-to-let rates by up to 20bps

Residential five-year fixed rates now start at 5.17%.

Related topics:  Mortgages
Rozi Jones | Editor, Financial Reporter
29th August 2023
Barclays

Barclays is reducing rates on a range of products across its residential and buy-to-let new lending and Reward ranges by between 10-20bps.

Purchase only two-year fixed rates now start from 5.75% on the bank's Premier product at 60% LTV and 5.83% up to 75% LTV. Two-year fixed rates have reduced to 6.12% at 85% LTV and 6.58% at 90% LTV.

Five-year fixed rates have fallen to 5.17% at 60% LTV, 5.19% at 75% LTV, 5.43% at 85% LTV and 5.60% at 90% LTV.

On residential green home products, two-year fixed rates are now available at 5.89% up to 75% LTV and 6.48% at 90% LTV, while a five-year fix at 90% LTV has reduced to 5.50%.

For remortgage products, a Premier two-year fixed rate at 60% LTV now starts at 5.95%, with 75% LTV rates reducing to 6.00%. Two-year fixes have also reduced to 6.03% at 75% LTV and 6.32% at 85% LTV, both with a £999 fee.

Five-year fixed rate remortgage products have reduced to 5.37% at 60% LTV, 5.39% at 75% LTV, and 5.63% at 85% LTV, all with a £999 fee.

Across Barclays' buy-to-let range, a two-year fixed remortgage rate has fallen to 6.50% and a five-year fix is down to 5.79%, both available at 60% LTV with no product fee.

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