Barclays Cuts Mortgage Rates by Up to 25 Basis Points

Barclays is reducing mortgage rates across a selection of residential purchase and remortgage products effective November 3. The cuts reach up to 25 basis points across various loan-to-value tiers.

For purchase customers, the two-year fixed rate at 60% loan to value with an £899 fee drops from 5.15% to 4.95%. The five-year fixed rate at 60% loan to value with no fee decreases from 5.32% to 5.14%. Remortgage customers will see the two-year fixed rate at 60% loan to value with a £999 fee fall from 5.24% to 5.05%.

The lender is also cutting rates for existing mortgage customers in its rate-switch range. This includes a reduction of the EMC Reward five-year fixer at 60% loan to value from 5.32% to 5.07%.