Barclays to cut residential rates

At 60% LTV, the 2-year fixed rate at 1.60% will be reduced to 1.49%, at 75% the2-year-fixed fixed rate will be cut tofrom 1.60% to1.58% and the 5-year fixed rate of 2.05% at 75% LTV will decrease to 1.96%.

Barclays to cut residential rates

Barclays Mortgages will be cutting rates across its residential range covering purchases and remortgages, as part of the launch of its ‘Too Big to Miss’ remortgage campaign.

At 60% LTV, the 2-year fixed rate at 1.60% will be reduced to 1.49%, at 75% the2-year-fixed fixed rate will be cut tofrom 1.60% to1.58% and the 5-year fixed rate of 2.05% at 75% LTV will decrease to 1.96%.

There’s a £999 product fee, minimum loan of £5,000 and maximum loan of £1m for each rate.

The changes will take effect from tomorrow.