Barclays pulls sub-4% five-year fixes

Barclays has become the latest lender to withdraw sub-4% mortgage rates.

Last month, Santander withdrew its 3.99% five-year fixed rate due to an increase in five-year market swap rates. 

Barclays has repriced a number of mortgage products today, including increasing its five-year fixed rate at 60% LTV from 3.99% to 4.11%.

The bank is still offering a 3.98% five-year fix in its Reward range for existing customers, which it launched last month.

Elsewhere in the lender's range, a green home five-year fixed rate at 60% LTV has increased from 3.96% to 4.02% with an £899 fee. At 90% LTV, a two-year fix has increased from 4.74% to 4.80%. 

A five-year fixed rate remortgage product at 85% LTV has risen by 10bps to 4.97% with a £999 fee and a Great Escape five-year fix at 85% LTV has increased from 4.97% to 5.07% with no product fee.