Barclays is set introduce a 2.19 per cent five-year fix for rate switchers and will cut rates by up to 18 basis points.
The rate switch product will be available to 60 per cent LTV and has a £1,999 fee. The minimum loan size is £1m and the maximum is £5m.
Tomorrow the bank will also cut a number of two-year fixed rate mortgages.
It will shave 12 basis points off a 75 per cent LTV product. The new rate will be 1.73 per cent and there will be a £999 fee.
An 80 per cent LTV will be available at 1.97 per cent, following a cut of 14 bps, and a 90 per cent LTV product will be available at 1.83 per cent, following a cut of 18 bps.
Two premier exclusives – available to borrowers with a premier or wealth account – will be priced at 1.73 per cent for a 75 per cent LTV loan and 1.79 per cent for an 80 per cent LTV loan.