Barclays cuts resi and BTL rates by up to 0.26%

Barclays has announced a series of rate cuts within its purchase and buy-t-let mortgage range.

The changes will take effect from Wednesday 23 January.

The rate cuts in the 95 per cent LTV suite of residential purchase products consist of: the two-year fix being cut by 0.07 per cent, from 3.02 per cent to 2.95 per cent; the two-year fix with £1,000 cashback by 0.08 per cent, from 3.55 per cent to 3.47 per cent; the five-year fix by 0.01 per cent, from 3.40 per cent to 3.39 per cent; and the five-year product with £1,000 cashback by 0.14 per cent, from 3.79 per cent to 3.65 per cent.

All of the above mortgages charge no product fee.

In the BTL purchase and remortgage range – all at 60 per cent LTV – the two-year fix has been cut by 0.04 per cent, from 2.34 per cent to 2.30 per cent, and the three-year fix by 0.26 per cent.

As above, both charge no product fee.

In the ‘Existing customer Reward’ range, the BTL two-year fix at 65 per cent LTV has been cut from 0.04 per cent, and the 65 per cent LTV three-year fix by 0.26 per cent, from 2.62 per cent to 2.36 per cent.

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