Barclays has launched new fixed rate deals across its mortgage range to “give borrowers access to even better deals”.
The bank has lowered rates on some of its 2-year and 5-year products. It has also introduced a new fixed rate of 1.95 per cent.
Further cut rates will now apply across the bank’s 2-year fixed range at 60 and 65 per cent loan-to-value for both home buyers and those looking to remortgage, the bank said. Additionally, the buy-to-let range will see rate reductions across 2-year fixed and tracker rates.
Andy Gray, managing director of mortgages for Barclays, said: “As we approach September, the time of year traditionally known as the remortgage season, we anticipate market activity to increase.
“The further rate cuts we’re introducing to our range demonstrate our ongoing commitment to providing borrowers with access to lower rates and support those seeking certainty on their mortgage payments.
“Two year fixed rates remain very popular, offering great value and we are pleased to be able to offer customers even better deals at a low of 1.95 per cent.”
