Barclays cuts fixed rates

Sarah Davidson

April 1, 2015

The bank now offers a 90% LTV 2-year fix at 3.35% with a £999 fee and an equivalent product at 3.73% with no fee.

Other rates are a 65% LTV 2-year fix at 1.44% and a 90% LTV 5-year fix at 3.99%, which is now fee free after previously incurring a charge of £999.

Andy Gray, managing director of Mortgages for Barclays, said: “We are anticipating demand for fixed rates to remain strong during the spring months, traditionally a period of increased house buying activity.

“As part of these new competitive rates, we have reduced the fixed rates on the 85 and 90% LTV products which will enable first-time buyers and those with smaller deposits to get on, and move up, the property ladder.”

Barclays has significantly reduced its 75% LTV great escape 2-year fix, cutting the product by 0.54% to 3.35% and increasing the LTV limit to 80%.

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