Barclays makes changes across selected ranges

Jessica Nangle

September 10, 2019

Barclays has confirmed a number of changes across their residential and reward ranges.

Key highlights include reducing rates by up to 0.10% on selected 85% and 90% LTV core range 2 and 5-year fixed rates and introducing two new products to the Great Escape 3-year fixed range at 75% and 85% LTV.

Barclays are also reducing rates by up to 0.40% on selected 2 and 5-year fixed rates within their £1m plus large loan range.

Craig Calder, director of mortgages at Barclays, said: “We constantly review market conditions to ensure our range of fixed rates are competitive as possible.

“We want to help more hard-working first-time buyers get on the property ladder sooner, as well as those choosing to remortgage, to keep their mortgage costs low.

“Over recent weeks, we have seen several consecutive reductions in the funding market which has enabled us to respond and pass on rate reductions directly to our customers.”

Barclays are set to make reductions to products within their help to buy and existing customer reward ranges, whilst introducing new premier exclusive rates.

New products launch on Wednesday 11 September.

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