Barclays has launched what it claims is the UK’s “lowest ever” 10-year fixed mortgage rate, as well as introducing a number of other new deals.
The 10-year fixed has a rate at 2.99 per cent, previously 3.45 per cent, and is available up to 60 per cent loan-to-value.
Furthermore, the bank has introduced a new 60 per cent LTV two-year tracker at Barclays’ bank base rate plus 0.89 per cent with the “lowest follow on rate on offer” of base rate plus 1.99 per cent.
It has also reduced the rates of a number of its two and five year fixed products.
Andy Gray, managing director of mortgages for Barclays, said: “The New Year is traditionally a time to get your finances in order and plan for the year ahead.
“Our New Year deals cater for a range of needs from homeowners reviewing their mortgage to those hoping to get on the property ladder during 2015 – we are confident our rates will be extremely appealing. ”
donia.o’loughlin@ft.com
