Barclays will tomorrow reduce mortgage rates on a number of purchase, remortgage and existing customer agreements by up to 21 basis points.
In the lender’s purchasing range, a number of deals are being reduced by 85% loan-to-value.
Within this LTV level, a two-year fixed rate with an £899 fee will fall by 17 basis points from 4.19% to 4.02% and the no-fee alternative will fall by the same margin from 4.43% to 4.26%.
A five-year deal at the same LTV with a fee of £899 is reduced by 10 basis points from 4.22% to 4.12%.
In the Barclays remortgage range, a two-year Great Escape, locked at 75% LTV without product costs, will fall by 21 basis points from 4.38% to 4.17%.
Also for a remortgage with an LTV of 75%, a five-year fixed rate with a £999 fee will fall by 19 basis points from 4.12% to 3.93%.
A two-year fixed remortgage deal with a 60% LTV and a fee of £999 will fall by 11 basis points from 3.92% to 3.81%.
In the lender’s reward range for existing customers, a two-year fixed LTV of 60% without product fees will drop by 18 basis points from 4.25% to 4.07%.
In the same range, the two-year interest rate fix at 75% with a £999 fee will fall by 14 basis points from 4.06% to 3.92%.
Also in the Reward series, a five-year fixed LTV of 75% without product costs is reduced by 17 basis points from 4.27% to 4.10%.