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Barclays cuts rates and adds new products

Barclays has announced a series of rate cuts across its residential, buy-to-let and reward ranges along with a number of new product entries.

Within its residential product suite, the bank has launched an 85 per cent LTV two-year fix at 1.68 per cent. It comes with a £999 product fee and is available for purchase or remortgage.

The lender has also created a 65 per cent LTV two-year fix at 1.46 per cent for BTL customers. This comes with a £1,795 product fee and is available for purchase or remortgage on loans of up to £1m.

On a maximum loan of £2m, BTL borrowers can secure a five-year fix at 2.03 per cent with the same LTV and product fee detailed above.

Reductions in the residential range include the 60 per cent LTV two-year fix with £999 product fee being cut from 1.44 per cent to 1.42 per cent and the 95 per cent LTV two-year fix with zero product fee being reduced from 2.80 per cent to 2.77 per cent.

In the BTL range, the 75 per cent LTV five-year fix with £1,795 product fee has been slashed from 2.35 per cent to 2.25 per cent.

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