Barclays has announced it will reduce rates on a selection of products, effective from Friday, 5th July. The rate cuts will apply to various residential and buy-to-let mortgage products.
In the residential purchase category, the Premier 5-year fixed rate at 60% LTV with an £899 product fee will be reduced from 4.25% to 4.22%.
For existing customers, the EMC Reward range will see significant rate reductions across multiple fixed-rate products.
For example, the 2-year fixed rate at 60% LTV with a £999 product fee will be reduced from 4.75% to 4.67%.
Similarly, the 5-year fixed rate at 60% LTV with no product fee will decrease from 4.51% to 4.45%.
In the buy-to-let category, the EMC Reward BTL 2-year fixed rate at 65% LTV with a £1795 product fee will drop from 5.15% to 4.95%.
Additionally, the 5-year fixed rate at 65% LTV with a £1795 product fee will be reduced from 4.44% to 4.34%
