Barclays will lower a range of residential purchase, remortgage and reward ranges from 8 August, with a deal of 3.84% on the market.
Within Barclays’ purchase range, its five-year fixed rate with an £899 fee at 60% loan to value (LTV) will fall from 4.04% to 3.84%.
The lender’s two-year fixed purchase rate at 60% LTV with no fee will decrease from 4.61% to 4.43%, while its two-year fixed purchase rate with an £899 fee at the same LTV tier will reduce from 4.42% to 4.22%.
In its remortgage range, Barclays’ five-year fixed rate with a £999 fee at 60% LTV will fall from 4.26% to 4.06%.
The firm’s five-year fixed rate at 75% LTV will decrease from 4.4% to 4.2%, and its two-year fixed rate at 60% LTV with a £999 fee will fall from 4.6% to 4.4%.
The move from the high street lender comes as HSBC introduced sub-4% mortgages earlier today, with deals from 3.92% for premier customers available and 3.95% for a five-year fixed rate at 60% LTV.
Like Barclays’ sub-4% offering, NatWest is also offering a five-year fixed purchase rate deal at 3.97% deal directly to consumers, with some brokers concerned that it cuts them out of the process.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
