Barclays cuts residential purchase rates by up to 0.37%

Barclays has announced a wide range of cuts to its residential mortgage rates.

Available from tomorrow, selected two, three and five-year purchase products are reducing by up to 0.37%.

Two-year fixed rates at 60% LTV are reducing to 4.30% with an £899 product fee and 4.51% fee-free.

At 75% LTV, two-year fixed rates have reduced by 0.24% and now start from 4.47% for a Premier product, 4.50% for the standard product with an £899 fee, and 4.69% fee-free.

85% LTV two-year fixed rates are available from 4.55% with an £899 fee and 4.75% fee-free.

Barclays has reduced rates on a trio of three-year fixes, with the largest reduction of 0.37% to a 75% LTV product, down to 4.68% with an £899 fee. A three-year fix at 90% LTV is decreasing to 5.05% and a 95% LTV rate is down to 5.32%.

Five-year fixed rates at 60% LTV are reducing by 33bps to 4.43% with an £899 fee and by 34bps to 4.52% with no fee.

75% LTV five-year fixes now start from 4.53%, 80% LTV rates from 4.64%, and 90% LTV rates from 4.58%.

Elsewhere in the range, selected two and five-year fixed rate Green Home products have reduced by up to 0.33%, with the lowest two-year fix at 4.41% and five-year fix at 4.43%.

Five-year fixed rate Springboard products have also reduced by up to 0.35%, with a 95% LTV rate down to 4.99% and a 100% LTV product at 5.19%, both fee-free.

Alongside the rate reductions, Barclays has launched two new products - a two-year offset tracker at 5.80%, available up to 75% LTV with a £1,999 fee, and a Premier two-year tracker at 3.99%, available up to 60% LTV with a £999 fee.