Barclays cuts existing customer mortgage rates by up to 0.46%

From tomorrow, Barclays is reducing rates across its residential and buy-to-let product ranges for existing customers.

In its residential EMC Reward range, two-year fixed rates now start from 4.43% at 60% LTV with no fee.

75% LTV two-year fixed rates are decreasing to 4.40% with a £999 product fee and 4.61% fee-free. At 85% LTV, two-year fixes are down by up to 46bps, starting from 4.82% with a £999 fee and 5.06% fee-free. 

Five-year fixed rates at 85% LTV are reducing by up to 30bps to 4.57% with a fee and 4.70% fee-free.

In Barclays' buy-to-let EMC Reward range, two-year fixed rates are down by up to 46bps, now starting from 4.40% at 65% LTV and 4.55% at 75% LTV. A five-year fix at 65% LTV has decreased to 4.50% fee-free.

Barclays has also announced the launch of four new residential EMC Reward products at 90% LTV. Two-year fixes start from 5.01% with a £999 fee or 5.22% fee-free, while five-year fixes are available at 4.67% and 4.75% respectively.