Barclays is cutting mortgage rates again tomorrow.
It says that over 40% of its Woolwich deal will be reduced by up to 0.55 percentage points.
The new rates include a three-year fixed rate at 80% loan to value (LTV), cut from 4.68% to 4.13%.
A cut of 0.20 percentage points will be made to its two-year fixed at 80% LTV – 3.59% for customers who qualify for a Barclays Loyalty mortgage and 3.68% for all other customers.
Reductions will also be made to the five-year fixed rate mortgages at 80 and 85% LTV by up to 0.50 percentage points.
Other cuts include a 0.20 percentage points decrease on the two-year fixed rate (open market and Loyalty) at 75% LTV, now at a rate of 2.99% and 2.89% respectively. On tracker mortgages Barclays is making a small cut for borrowers at 75% LTV over two years, with a new rate of 1.97% above base rate, and maintaining the rates on its mortgages at 80% LTV (2.69% above base for open market and 2.59% above base for Barclays Loyalty).
Barclays is making a series of rate increases to some of its mortgage range at 70% LTV.
It is also withdrawing its 70% open market and Loyalty offsets.
Laoiseach Lynch, head of mortgage products for Barclays, said: “This is the seventh time in a row that we have made substantial cuts to our mortgages
