Barclays launches new sub-4% mortgage in latest round of rate cuts

Barclays has announced new rate reductions across its residential mortgage range for new and existing customers, available from tomorrow, Friday 14th March.

Selected rates are reducing by up to 0.25%, with the largest reduction to a five-year fix at 60% LTV, reducing from 4.53% to 4.28% with a £1,999 fee, available for both purchase and remortgage.

In its purchase and remortgage range, other two and five-year fixed rates with a £1,999 fee have reduced at 60-75% LTV, with two-year fixes now starting from 4.21% and five-year fixes from 4.28%.

In the lender's existing customer Reward range, rates have reduced between 60% and 90% LTV, with the lowest two-year fix now at 4.06% and a five-year fix at 60% LTV reducing from 4.12% to 3.98% with a £999 fee.

Barclays has also reduced selected tracker rates and rate switch only products at 70% and 75% LTV.