
Barclays has announced further reductions to its residential mortgage rates.
Available from tomorrow, the latest cuts see the lender launch its lowest rate of the year so far at 3.79%, available on a Green Home five-year fixed rate at 60% LTV.
Its lowest mainstream mortgage rate is now 3.85%, available on a two-year fix in its Existing Customer Reward range.
In its residential purchase range, a Premier two-year fix at 60% LTV is available at 3.86% with an £899 fee, with the standard rate reduced to 3.87%.
Barclays has also reduced sub-4% rates at 75% LTV, with a two-year fixed rate Reward product down to 3.94% and the standard rate at 3.95%.
In the bank's five-year range, a Premier product at 60% LTV is down to 3.88% and the standard equivalent rate has reduced to 3.89%.
For remortgage, two-year fixed rates at 60% LTV have decreased to 3.87% for a Premier product and 3.88% for the standard two-year fix, both with a £999 fee.
Five-year fixed rates at 60% LTV have reduced to 3.88% for a Premier product and 3.89% for the standard rate.
In its existing customer Reward range, Barclays has reduced rates across its one, two and five-year fixed rates.
The largest reduction is to a one-year fix at 90% LTV, down by 42bps to 5.89% with no fee.
A two-year fix at 60% LTV is down by 10bps to 3.85% and the bank has launched a trio of sub-4% five-year fixes - with 60% LTV rates down to 3.86% with a £999 fee or 3.99% fee-free, and a 75% LTV product with a £999 fee also down to 3.99%.