Barclays cuts mortgage rates
Permalink: Barclays cuts mortgage rates
by Gill Montia
From today, Barclays has lowered six of its fixed-rate mortgages by up to 0.3% at the same time as introducing a two-year fix at 3.29% with no application fee for those buying a home at 70% loan-to-value ratio (LTV).
The reductions include a drop of 0.3% on a five-year fixed-rate deal at 70% LTV which now comes with a rate of 3.99%.
In addition, the lender’s two-year fix at 60% LTV has dropped from 3.29% to 3.09% and its five-year 80% LTV fix is down to 4.29%.
All come with a £999 application fee or £499 for customers who qualify for a Barclays’ loyalty mortgage.
The bank’s head of mortgages, Andy Gray, says: “We have recently seen an improvement in the SWAP rates and so we’ve taken the opportunity to pass these benefits onto customers by reducing some of our more popular fixed rates to give them some great deals – including a five year rate below 4%, the lowest we’ve offered this year.”
Click here to discuss this: Home Move property forums
Related stories to: Barclays cuts mortgage rates
Previous: « Social tenants get “Right to Buy” call centre
Next: Sussex Scaffolding UK »
Visited 3426 times, 2 so far today