Barclays launches sub-4.4% five-year fix with second rate reprice in a week

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Barclays for Intermediaries has made a second round of residential mortgage rate improvements in a week and now offers five-year fixed-rate deals below 4.4%. The 

Banks and building societies are working much harder to get their phones ringing again. They are concentrating on making their property purchase rates cheaper, and the price war is intensifying.

The latest rate reductions came after Barclays cut residential rates by up to 0.57% on Monday.

Barclays says: “The market is moving at a fast pace and we are committed to remaining nimble with our pricing to ensure we continue to provide would-be homebuyers with our most competitive offering."

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The information contained within was correct at the time of publication but is subject to change.

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