Barclays to cut rates

From tomorrow Barclays will reduce rates on buy-to-let purchases and remortgages.

A 1.47% 2-year fix at 60% LTV will be cut to 1.42% and a 2-year 1.46% premier product at 65% LTV will be reduced to 1.41%.

In addition, a 5-year fix 2.03% premier product at 65% will decrease to 2.00% and a 2.04% 5-year fix will be cut to 2.01%. All of these come with a £1,795 product fee.

Without a product fee, a 2-year fix at 60% LTV will be cut from 2.28% to 2.21%.

Customers must hold a Barclays Premier banking relationship to be eligible for a Premier Exclusive mortgage product.

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