High street lender Barclays will bring out new products and lower key purchase and remortgage rates.
The changes will come into effect from 4 February.
The new products include a two-year fixed rate at 90% loan to value (LTV) at 5.29%. This has an £899 product fee, a minimum loan of £5,000 and a maximum loan of £570,000.
There is also a duo of Green Home five-year fixed rates at 60% and 75% LTV, priced at 4.13% and 4.26% respectively. They both come with an £899 fee, a minimum loan of £5,000 and a maximum loan of £2m.
Barclays is also adding a two-year tracker at 60% LTV at 5.25%. It has no fee, a minimum loan of £5,000 and a maximum loan of £2m.
Within its purchase range, its two-year fixed rate at 60% LTV has fallen from 4.43% to 4.38% and its five-year fixed rate at 75% LTV will decrease from 4.42% to 4.36%. Both come with an £899 fee and also have a minimum loan of £5,000 and maximum loan of £2m.
Five ways we’ve improved our Premier service
Sponsored by Halifax Intermediaries
On the remortgage side, its two-year fixed rate at 75% LTV will go down from 4.72% to 4.64% and its five-year fixed rate at 85% LTV will decrease from 5.27% to 5.23%. The product fee stands at £999 and the loan size ranges from £5,000 to £2m.
Barclays recently launched its Mortgage Boost for new and existing customers, which allows friends or family to increase the amount that can be borrowed without having to lend or gift money directly.
