Barclays cuts rates across resi, BTL and reward ranges

Barclays has cut rates across a number of its residential, buy-to-let and reward products.

Reductions include the 75 per cent LTV two-year fix cut from 1.57 per cent to 1.52 per cent, and the 85 per cent LTV five-year fix from 2.08 per cent to 2.06 per cent.

The products both have a £999 fee and a maximum loan value of £1m. In addition, the two deals are within the lender’s residential range and are for purchase or remortgage.

The 60 per cent LTV two-year fixed rate Great Escape product has also been sliced, from 1.97 per cent to 1.95 per cent, and the 75 per cent LTV two-year fix Great Escape deal has been reduced from 1.99 per cent to 1.97 per cent.

The two offers are both for remortgage only, have no product fees and a maximum loan value of £1m.

Furthermore, the 75 per cent LTV two-year fix has been chopped from 1.77 per cent to 1.68 per cent, and the 60 per cent LTV five-year fix from 2.07 per cent to 2.03 per cent.

Both offers are for purchase or remortgage, with the latter in the lender’s Premier range.

The two deals each have a £1,795 fee, while the former has a £1m maximum loan value and the latter a £2m maximum loan value.

The lender has also increased the cashback option for its Great Escape products from £300 to £400.

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