Barclays reduces mortgage rates with focus on high-LTV products

Barclays has announced widespread rate reductions across its residential mortgage range, with cuts of up to 0.10%.

Available from tomorrow, two-year fixed rates at 60% LTV now start from 3.85% for the Bank's Premier product, 3.86% for the standard £899 fee product and 4.06% fee-free.

Two-year fixed rates at 75% LTV have decreased by 8bps, now starting from 3.87% for the premier product, 3.88% for the standard rate, and 4.08% fee-free.

A 95% LTV two-year fix with no fee has reduced from 4.92% to 4.87%.

Five-year fixed rates now start from 4.00% at 60% LTV, rising to 4.19% for the fee-free product.

75% LTV five-year fixes are down to 4.05% with an £899 fee and 4.21% fee-free.

In addition, a fee-free five-year fix at 95% LTV has reduced to 4.82%.

In Barclays' green home range, it has introduced four new sub-4% products. Two-year fixes with no fee have reduced to 3.96% at 60% LTV and 3.98% at 75% LTV. Five-year fixed rates with an £899 fee have reduced to 3.91% at 60% LTV and 3.95% at 75% LTV.

Alongside the latest rate cuts, Barclays has launched a new five-year fixed rate at 80% LTV, available at 4.28% with no product fee.