Barclays increases residential rates by up to 0.21%

Barclays has announced increases of up to 0.21% across its residential purchase and remortgage rates.

The lender has followed similar increases from Nationwide and Santander this week, due to increases in swap rates.

In place from tomorrow, the higher rates apply largely across residential purchase and remortgage rates at 60-75% LTV, with green home and Great Escape products also seeing increases.

At 60% LTV, a two-year fix is increasing from 3.57% to 3.65% with an £899 product fee, with the fee-free rate up from 3.77% to 3.85%. Five year fixes at 60% LTV are rising to 3.79% and 3.98% respectively.

Five-year rates at 75% LTV will rise by up to 10bps, now starting from 3.92% with an £899 fee and 4.00% fee-free.

In Barclays' green home range, a two-year fix at 60% LTV with no product fee is increasing from 3.67% to 3.75%. Five-year fixes are rising to 3.80% at 60% LTV and 3.82% at 75% LTV, both with an £899 fee.

For residential remortgage, five-year fixed rates at 60% and 75% LTV will increase by up to 6bps.

'Great Escape' remortgage increases include five-year fixed rates up by 15bps to 4.15% at 60% LTV and by 6bps to 4.18% at 75% LTV.

Residential EMC Reward rates have risen by up to 16bps, with the latest increase to a fee-free five-year fixed rate at 60% LTV, up to 3.99% to 4.15%.

For buy-to-let, a two-year fixed EMC Reward product is down from 4.38% to 4.28% at 65% LTV with no fee, while a two-year buy-to-let remortgage is also decreasing from 4.65% to 4.28% at 60% LTV.