Barclays is tomorrow (2 April) making changes to a number of its two, three and five-year residential fixed rates.
New deals include:
- 1.44% two-year fixed, 65% LTV
- 3.35% two-year fixed, 90% LTV (£999 fee)
- 3.73% two-year fixed, 90% LTV (fee free)
- 3.99% five-year fixed, 90% LTV (fee reduced from £999 to £0)
Barclays is also cutting its 75% LTV Great Escape two-year fixed rate by 0.54 percentage points to 2.35% and increasing the LTV to 80%.
Andy Gray, managing director of mortgages for Barclays, said: “We are anticipating demand for fixed rates to remain strong during the spring months, traditionally a period of increased house buying activity.
“As part of these new competitive rates, we have reduced the fixed rates on the 85% and 90% LTV products which will enable first time buyers and those with smaller deposits to get on, and move up, the property ladder.”