New rate cuts from Barclays

Essex Home Finance
Barclays has made more changes to products across its residential purchase, remortgage and Reward ranges.
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Barclays has made more changes to products across its residential purchase, remortgage and Reward ranges.

These changes see reductions in a selection of 60%, 80% and 85%  two and five-year fixed rates by up to 0.18 percentage points.

in addition, Barclays is cutting the rates on each of its 90% LTV two and five-year fixed rates (available for first-time buyers and next time buyers for all property types, including new build) which includes a 0.17 percentage point reduction to its five-year fixed with a £999 fee.

Key purchase rate changes:

  • Reduced – 3.55% two-year fixed, £999 fee, 90% LTV – reducing to 3.48%
  • Reduced – 3.75% two-year fixed, £0 fee, 90% LTV  – reducing to 3.72%
  • Reduced – 3.65% five-year fixed, £999 fee, 90% LTV – reducing to 3.48%
  • Reduced – 3.79% five-year fixed, £0 fee, 90% LTV – reducing to 3.72%

Key remortgage changes:

Barclays is also reducing the rates on a selection of its two and five-year fixed rates including two of its £0 product fee Great Escape products.

  • Reduced – 2.08% Great Escape two-year fixed, £0 fee, 75% LTV – reducing to 1.88%
  • Reduced – 2.82% five-year fixed, £999 fee, 85% LTV  – reducing to 2.71%
  • Reduced – 1.79% Great Escape five-year fixed, £0 fee, 60% LTV – reducing to 1.69%

Original Article from Best Advice 13/01/2021

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Address : 8 Kingsdale Business Centre, Regina Road, Chelsmford, Essex, CM1 1PE

Essex Home Finance Ltd is an Appointed Representative of Mortgage Intelligence Ltd which is authorised and regulated by the Financial Conduct Authority under number 305330 in respect of mortgage, insurance and consumer credit mediation activities only.

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