Barclays’ range lowers interest rates on a range of products, including rates below 4%, while TSB has changed homes, purchased to LET (BTL), product transfers and additional borrowing ranges.
Barclays cuts the existing range of customer residential rewards, including fixed 60% LTV with EMC rewards of 60% LTV, and a product fee of £999, which has been reduced from 4.20% to 4.06%.
Within the same range, EMC rewards are 60% LTV fixed at 60% LTV, and the product cost is £999, which will be reduced from 4.12% to 3.98%, while EMC rewards are 75% LTV fixed at 75% LTV, which costs £999, which has been cut by 0.14% to 4.26%.
The bank also lowers interest rates on its existing home purchases and offsets products.
This includes a five-year fixed for 60% LTV, with a product fee of £1,999, which has been reduced by 0.25% to 4.28%, while a five-year fixed for 70% LTV, with a product fee of £1,999, which has been reduced by 0.24% to 4.37%.
Within the same range, two years fixed at 70% LTV, the product fee is £1,999 and has been trimmed to 0.16% to 4.36%.
Existing purchases have also decreased. This includes a five-year fixed at 85% LTV, which costs £1,999, a reduction of 0.13% to 4.63%.
Elsewhere, TSB’s interest rate has been reduced by as much as 0.15%.
The lender’s residential fixed-type fixed-value 75% to 90% LTV rate and three-year fixed-fixed re-loans for LTV are both reduced by 0.15%.
BTL’s two- and five-year fixed home purchases 60% to 75% lower LTV rates.
Product transfer residential three-year fixed 75% and 85% LTV rate decreased by 0.10%, while additional borrowing for five-year 75% to 80% LTV rate decreased by 0.10%.
