Barclays cuts residential rates again...

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26 June 2015

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By Harvey Jones

TODAY'S OTHER NEWS

Barclays has cut its residential mortgage rates for deals running over terms of two, three and five years.

Highlights from the new range, available from today, include sub-3% two-year tracker at 90%.

Barclays is introducing a selection of new residential remortgage products and reducing rates on 13 mortgage products.

The reduced deals are competitive two, three and five-year fixed rates, and tracker purchase-only residential mortgages, on 85% and 90% LTVs.

Andy Gray, managing director of mortgages for Barclays, said: “We know how important a low monthly payment is for borrowers and we are doing our bit to help people save money with the launch of some of the lowest residential remortgage rates in the market.

“This is another great example of Barclays helping more customers to achieve savings when buying a first home, remortgaging or those looking to take their next step on the property ladder.”

Full changes:

Product	LTV (%)	Old Rate	New Rate	Application Fee	Min Loan	Max Loan
Fixed Rates
2 year fixed	85	2.33%	2.15%	£999	£5,000	£1,000,000
2 year fixed	90	3.35%	3.15%	£999	£5,000	£500,000
3 year fixed	70	2.29%	2.18%	£999	£5,000	£1,000,000
3 year fixed	80	2.58%	2.49%	£999	£5,000	£1,000,000
5 year fixed	70	2.59%	2.53%	£999	£5,000	£1,000,000
5 year fixed	85	3.49%	3.29%	£0	£5,000	£1,000,000
5 year fixed	90	3.99%	3.85%	£0	£5,000	£500,000
Purchase Only
2 year fixed	85	2.65%	2.59%	£0	£5,000	£1,000,000
2 year fixed	90	3.65%	3.49%	£0	£5,000	£500,000
Further Advance only Products
2 year fixed	80	NEW	2.29%	£0	£5,000	£100,000
5 year fixed	80	NEW	3.13%	£0	£5,000	£100,000
Tracker
2 year Tracker	90	3.15%	2.99%	£999	£5,000	£500,000
Large Loan Tracker Rates
2 year tracker	70	1.89%	1.67%	£1,999	£1,000,000	£3,000,000
2 year tracker	70	1.99%	1.67%	£5,000	£3,000,000	£5,000,000
Premier Exclusives
2 year fixed	85	2.49%	2.45%	£0	£5,000	£1,000,000
2 year tracker	70	NEW	1.67%	£999	£1,000,000	£3,000,000
2 year tracker	70	NEW	1.67%	£4,000	£3,000,000	£5,000,000