Five-year fixed rates are also being lowered, with reductions of up to 24bps. The revised five-year pricing starts from 4.76% at 60% LTV, 4.82% at 75% LTV, and 4.96% at 80% LTV.
The high street lender’s Green Home products are included in the move, with cuts of up to 36bps. Two-year Green Home fixed rates will start from 4.69%, while five-year options will begin at 4.66%.
In its remortgage-only range, Barclays is cutting two-year fixed rates by up to 23bps. Pricing will start from 4.83% at 60% LTV, 4.90% at 75% LTV, and 5.11% at 80% LTV, each carrying a £999 fee. The fee-free Great Escape remortgage range will also be reduced, including cuts of up to 25bps across its two-year fixes.
“Barclays has jumped to the top of the best buy tables again by lowering its two-year fix from 4.95% to 4.60% undercutting many of its competitors,” said Aaron Strutt (pictured right), product director at Trinity Financial.
“Thankfully, more of Barclays rates will start with a four rather than a five because of these changes. The Barclays rates were starting to look a bit expensive so it’s good to see them come back down again.”
