Barclays has reduced mortgage rates across its purchase products, with one standard product rate as low as 3.73%.
The headline rate applies to a two-year fix at 60% loan to value (LTV) with an £899 fee, while the Premier product is priced at 3.72%.
Without a fee, the equivalent product has a rate of 4.06%.
At 95% LTV, the fee-free two-year fix has been reduced by 0.05% to 4.82%.
Reductions have also been made to some five-year fixes, such as the 60% LTV option with an £899 fee, which has a rate of 3.98%, down from 4.01%. The corresponding premier product has a rate of 4%.
The fee-free option has a rate of 4.09%, down from 4.19%.
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At 95% LTV, the fee-free five-year fix has been lowered from 4.82% to 4.79%.
Across Barclays’ green purchase products, the fee-free two-year fix at 60% LTV has been cut from 3.96% to 3.83%, and the five-year fix at the same tier with an £899 fee has gone down from 3.91% to 3.88%.
These changes will be effective from 31 October.
Earlier this month, the bank made mortgage rate cuts and added a new product at 80% LTV.
TSB trims mortgage rates
TSB has announced reductions to some mortgage rates from 30 October.
Across its residential range, its two-year fixed purchase rates have been cut by as much as 0.2% and remortgage rates by up to 0.1%.
TSB’s two-year fixed shared ownership and shared equity purchase rates have been lowered by up to 0.2%.
Elsewhere, its two-year fixed product transfer and additional borrowing rates at 60-75% LTV have each been reduced by 0.05%. The additional borrowing rate is now 4.29%, while the product transfer pricing starts at 3.99% with a £1,495 fee.
HSBC cuts residential and BTL rates
HSBC has made cuts across some residential and buy-to-let (BTL) mortgage rates, effective from 30 October.
Changes apply to switching and borrowing more products for existing customers, first-time buyer and homemover rates, and remortgage rates.
HSBC has also lowered BTL remortgage, switching and borrowing more rates, as well as international residential and BTL rates.
