Barclays has confirmed that despite the wide changes no products are increasing in rate and none are being withdrawn and not replaced.
Barclays has made a number of changes across its residential, buy-to-let and reward ranges including rate cuts to its 60% and 75% loan-to-value (LTV) 5-year fixes.
The changes will make Barclays 5-year fixes market leading on rate whilst is also launching a buy-to-let purchase only 75% LTV 5-year fix.
Craig Calder, director of mortgages, Barclayssaid: “The reduced rates we are introducing are in response to current demand.
"These changes will ensure we continue to provide home buyers with a wide range of competitive options, particularly for those who are looking for the extra comfort and certainty that a 5-year fixed offers.”
Key changes to the resi purchase and remo range see the afore mentioned 60% and 75% 5 -year fixes reduced to 1.70% and 1.74% respectively - both come with a £999 fee.
Its 85% LTV 5-year fix is reduced from 2.05% to 1.99%.
Further cuts to the resi side see Barclays 2-year fixes reduced to 1.45% at 75% LTV and 1.61% at 85% LTV with a £999 fee. With a £1,999 product fee 85% LTV drops to 1.66%.
On the buy-to-let side a new 2.19% 5-year fix with a £1,295 product fee is launched for those looking to borrow up to 75% LTV.
On the 5-year front cuts see rates slashed by up to 0.06% including a60% LTV at 1.70% and an 85% LTV product dropping below 2% to 1.99%.
Changes are also made to the Green Home Help to Buy range which has four changes across the 2-year and 5-year fixed rate ranges.
The EMC Reward ranges sees cuts of up to 0.05% across its 2-year and 5-year fixed ranges whilst further changes to the buy-to-let range sees drops of 0.05%.
Barclays has confirmed that despite the wide changes no products are increasing in rate and none are being withdrawn and not replaced.
