"The reduced rates we are introducing are in response to current demand."
Highlights include new five-year fixed rate residential products, which have seen reductions of up to 6bps and now start from 1.70% at 60% LTV, 1.74% at 75% LTV and 1.99% at 85% LTV, all with a £999 fee.
New Help to Buy rates include a two-year fixed rate which will be reduced to 1.55% and a five-year fix which starts at 1.85%. Green Home Help to Buy rates will be cut to 1.50% and 1.80% respectively. All Help to Buy products are available up to 75% LTV with a £749 product fee.
Additionally, Barclays has launched a new buy-to-let five-year fixed rate at 2.19% up to 75% LTV with a £1,295 product fee.
Craig Calder, director of mortgages at Barclays, said: “The reduced rates we are introducing are in response to current demand. These changes will ensure we continue to provide home buyers with a wide range of competitive options, particularly for those who are looking for the extra comfort and certainty that a five-year fixed offers.”
