Barclays cuts residential product rates

Barclays has announced a series of rate reductions to select residential mortgage products, effective from 30 March.

The cuts occur across offers for purchase and remortgage.

The lender has cut the 60 per cent LTV five-year fix from 1.89 per cent to 1.83 per cent, the 75 per cent LTV five-year fixed rate offer from 1.94 per cent to 1.90 per cent, and the 85 per cent LTV five-year fix product from 2.09 per cent to 2.08 per cent.

All three offers have a maximum loan value of £1m and command a £999 product fee.

This comes after Barclays amended its residential and reward range products last week, which saw the lender add new products as well as cut existing ones.

The post Barclays cuts residential product rates appeared first on Mortgage Strategy.

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