Two year fixed below 2 per cent and a five year fixed below 3 per cent
Barclays is making further changes to its mortgage range to give borrowers access to even better deals. As well as lowering rates on some of its two year and five year fixed products, the bank is introducing a new fixed rate, of 1.95 per cent.
There are further rate cuts across the 2 year fixed range at 60 and 65 per cent LTV (Loan to value) for home buyers and those looking to remortgage. In addition, the Buy to Let range will see rate reductions across the two 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%."
For further information on Barclays mortgages visit www.barclays.co.uk/mortgages
House hunters can download the Barclays Homeowner app to find a dream home, calculate borrowing and for direct access to estate agents and mortgage specialists
Barclays PLC is one of Britain's leading banking groups. The activity is organized around three sectors:
- commercial banking: at the end of 2023, owned 306 branches worldwide;
- financing, investment, and market banking: specialized financing (acquisitions, projects, etc.), portfolio management, transactions on the stock, interest, exchange, and raw material markets, stock trading, merger-acquisition consulting, investment capital, etc.;
- credit cards issuing.
At the end of 2023, the group managed GBP 538.8 billion in current deposits and GBP 399.5 billion in current credits.
Income breaks down geographically as follows: the United Kingdom (52.4%), Europe (9.9%), Americas (32%), Asia (5.4%), Africa and Middle East (0.3%).
BARCLAYS PLC 
