Barclays cuts rates across resi and Reward ranges

Barclays has cut rates across its residential and Reward ranges.

The changes, which are effective as of 5 March 2019, involve cuts of up to five basis points.

Highlights include a 100 per cent LTV three-year residential ‘Springboard’ product, which requires a 10 per cent deposit from a borrower’s parents, being reduced from 3.00 per cent to 2.95 per cent. This offer includes no product fee and a maximum loan value of £500,000.

The lender will also offer a 75 per cent LTV five-year purchase and remortgage product, cut from 1.99 per cent to 1.94 per cent. This offer has a product fee of £999 and a maximum loan value of £1m.

Within the lender’s reward ranges, an 85 per cent LTV two-year ‘EMC Reward’ offer will be reduced from 2.09 per cent to 2.08 per cent, and an 80 per cent LTV five-year product under the same range will be sliced from 2.23 per cent to 2.19 per cent. Both offers include no product fee.

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