Barclays cuts residential mortgage rates by up to 0.25%

Barclays has announced rate cuts of up to 0.25% across its residential purchase and remortgage products.

Rates have reduced across the lender's two and five-year fixed rate purchase range up to 90% LTV.

The lowest two-year fixed rate is now a 60% LTV Premier product at 4.37%, while a standard five-year fix at 60% LTV is down to 4.23%.

The largest reduction is to a two-year fixed rate at 85% LTV, down from 5.04% to 4.79% with an £899 product fee, while a fee-free alternative has reduced from 5.23% to 4.99%.

Barclays has also reduced selected Green Home, Springboard, Mortgage Guarantee and Great Escape mortgage rates.

In its remortgage range, Barclays has reduced selected two and five-year fixed rates, including Premier and Great Escape products, with rates now starting from 4.25%.

In addition, Barclays has launched new residential products, including a 5.29% two-year fixed rate purchase product at 90% LTV and a two-year tracker at 5.24%, available up to 60% LTV for purchase or remortgage.

Two new green home products have also launched, fixed for five years at 4.13% up to 60% LTV and 4.26% up to 75% LTV.