Barclays has cut mortgage rates by up 0.50% – as 75% loan-to-value 2 and 5-year fixes now cost 1.89% and 2.49% with no fee and a maximum loan of £250,000 for house purchase.
The lender has reduced its 60% LTV 5-year fix to 1.89% with a £999 fee with a max loan of £1m and its 80% LTV 5-year fix has been reduced by 0.41% to 1.83% with a max loan of £1.5m
The lender has launched two new 80% LTV mortgages, with a 2-year fix at 1.95% and 5-year fix at 2.69% with a max £250,000 loan.
Craig Calder, director of Barclays Mortgages, said: “Christmas is almost upon us and we want to help households and landlords save money during this typically expensive time of the year with the launch of some of Barclays lowest residential remortgage rates.
“Homebuyers seeking a short to medium fixed rate term can choose a 2 or 5-year fixed rate available with either a 75% or 80% LTV with no product fee, £250 cashback and free valuations on properties up to £2m.
“Landlords will also be able to reduce their monthly outgoings too with reductions to our buy-to-let range
“In addition to these rate reductions, customers will achieve further savings by benefitting from free standard legal work for those choosing to remortgage.”