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Barclays to reduce rates by up to 0.19%

Jake Carter

February 1, 2021

interest rates

Barclays are set to reduced rates across products within its residential purchase, remortgage and reward ranges by up to 0.19%.

The reductions, which will be effective from 2 February, apply to products at 60%, 75% and 85% LTV on 2 and 5-year fixes.

Notable cuts include the 60% LTV 2-year fix cut from 1.77% to 1.58%.

This deal is for purchase-only and does not include a fee.

The lender has also reduced rates on the 60% LTV 2-year fix from 1.28% to 1.22%, and on the 75% LTV 5-year fix from 1.78% to 1.67%.

Both products are for purchase only and include a £999 fee.

Looking to the lender’s remortgage range, it has reduced rates on the 60% LTV 2-year fix from 1.28% to 1.22%, and on the 85% LTV 2-year fix from 2.81% to 2.67%.

The two products also include a £999 fee.

Meanwhile, within the Great Escape range, the 85% LTV 2-year fix has been cut from 3.09% to 2.95%.

This offering has no fees, includes a non-disclosed valuation, free legals and £250 cashback.


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