The bank is cutting the rate on its Family Springboard mortgage as well as lowering rates on some of its two year fixed products. This includes a 2.30% rate for 75% LTV which is available to home buyers and those looking to remortgage.
In addition, two new three year fixed rate products will be introduced.
Andy Gray, managing director of mortgages for Barclays, said: "We are committed to providing accessible and innovative products within our mortgage range and, by offering a new lower rate for our Family Springboard mortgage, we can now open the door to even more opportunities for first-time buyers with help from their families.
“Our rate cuts on the two year fixed product mortgages show our commitment to providing customers with access to lower rates, with an exceptionally competitive rate for borrowers with a 25% deposit.”
