Mortgage Strategy - Barclays slashes mortgage rates by up to 36bps

Barclays will be cutting more than 20 purchase and remortgage rates on 22 April by up to 36bps.

The lender said these cuts priced some of its products as market leaders, namely two-year fixes at 60% and 75% LTV.

Trinity Financial prodcuct and communications director Aaron Strutt said: “Barclays has jumped to the top of the best buy tables again by lowering its two-year fix of 4.95% by 0.35% undercutting many of its competitors.

“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 good to seem them come back down again.”

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The information contained within was correct at the time of publication but is subject to change. It is for general information purposes and is not advice.

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