Barclays makes cuts to residential and Reward rates

Barclays has announced a new round of rate reductions across our Residential and Reward ranges.

New products will be launched tomorrow (29 August.)

Changes will see the bank reduce the rates on a number of its existing two, three, five, and 10 year residential fixed rate products.

Barclays is also making a number of reductions to products within its existing customer Reward range.

Craig Calder, director of mortgages at Barclays, said: “The new reductions we have announced today will ensure we continue to offer a highly competitive fixed rate range that provides certainty of payments and helps more hard working first time buyers and those choosing to remortgage.”

Rate cuts are as follows:

Residential:

Purchase and Remortgage

• 1.33% 2 Year Fixed, £999 product fee, 60% LTV, Min loan £5,000, Max loan £2,000,000 will decrease to 1.28%
• 1.39% 2 Year Fixed, £999 product fee, 75% LTV, Min loan £5,000, Max loan £2,000,000 will decrease to 1.35%
• 1.61% 3 Year Fixed, £999 product fee, 60% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 1.58%
• 1.75% 3 Year Fixed, £999 product fee, 75% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 1.68%
• 2.09% 3 Year Fixed, £999 product fee, 90% LTV, Min loan £5,000, Max loan £375,000 will decrease to 2.05%
• 1.68% 5 Year Fixed, £999 product fee, 60% LTV, Min loan £5,000, Max loan £2,000,000 will decrease to 1.64%
• 1.73% 5 Year Fixed, £999 product fee, 75% LTV, Min loan £5,000, Max loan £2,000,000 will decrease to 1.68%
• 1.93% 5 Year Fixed, £999 product fee, 80% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 1.90%
• 1.96% 5 Year Fixed, £999 product fee, 85% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 1.92%
• 2.35% Premier 10 Year Fixed, £999 product fee, 60% LTV, Min loan £5,000, Max loan £2,000,000 will decrease to 2.28%
• 2.38% 10 Year Fixed, £999 product fee, 60% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 2.30%
• 2.49% 10 Year Fixed, £0 product fee, 60% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 2.46%

Purchase

• 1.96% 5 Year Fixed, £0 product fee, 60% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 1.92%
• 2.07% 5 Year Fixed, £0 product fee, 75% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 1.94%

Remortgage

• 2.03% Great Escape 5 Year Fixed, £0 product fee, 60% LTV, Min loan £50,000, Max loan £1,000,000 will decrease to 1.99%

Buy-to-let:

Purchase and Remortgage

• 1.42% BTL 2 Year Fixed, £1,795 product fee, 60% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 1.37%
• 1.41% BTL Premier 2 Year Fixed, £1,795 product fee, 65% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 1.37%
• 2.19% BTL 5 Year Fixed, £1,795 product fee, 75% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 2.17%

Purchase

• 2.19% BTL5 Year Fixed, £1,295 product fee, 75% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 2.17%