In its residential purchase-only range, select deals between 60% and 75% loan to value (LTV) will be reduced, including premier and green home deals.
This includes its two-year fixed rate with an £899 fee at 60% LTV, which will fall from 4.52% to 4.42%, while its fee-free version will decrease from 4.71% to 4.61%.
Going up to 75% LTV, its two-year fixed rate with an £899 fee will go down from 4.75% to 4.65%, while its fee-free version will fall from 4.98% to 4.88%.
The lender’s five-year fixed residential purchase-only rate with an £899 fee at 60% LTV will reduce from 4.09% to 4.04%.
In its residential remortgage-only range, similar cuts have been made to various deals between 60% and 75% LTV.
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Barclays’ two-year fixed rate with a £990 fee at 60% LTV will decrease to 4.57%, while at 75% LTV, the rate will stand at 4.85%.
Its two-year fixed rate Great Escape product at 60% LTV is priced at 4.97%. At 75% LTV, the deal will be priced at 5.05%. Great Escape deals offer customers an opportunity to switch with no application, valuation or standard legal fees.
The lender’s five-year fixed rate at 60% LTV with a £999 fee is 4.26%, and at 75% LTV, the price is 4.4%.
Within its existing customer reward range, residential rates between 60% and 75% LTV have also been cut. This offers existing customers better rates.
Its two-year fixed rate with a £999 fee at 60% LTV is 4.57%, while at 75% LTV, the price will be 4.65%.
The lender’s five-year fixed rate with a £999 fee at 60% LTV will fall from 4.31% to 4.21%, and its no-fee version will go down from 4.45% to 4.36%.
At 75% LTV, its five-year fixed rate with a £999 fee will fall from 4.45% to 4.4%. Its no-fee version will fall from 4.68% to 4.58%.
TSB to cut rates by 0.2%
TSB will reduce rates by up to 0.2% in its residential, product transfer and additional borrowing ranges. The changes will come into force on 26 July.
In its residential range, two-, three- and five-year fixed first-time buyer and homemover offerings up to 75% LTV will fall by up 0.1%, and remortgage deals will be cut by up to 0.2%.
On the product transfer and additional borrowing side, residential two-year fixed rates up to 80% LTV will reduce by 0.15%, residential three-year fixed rates up to 75% LTV will contract by up to 0.1% and residential five-year fixed rates will be cut by up to 0.2%.
It is the second cut in as many weeks for TSB.
This article was first published on YourMoney.com‘s sister site, Mortgage Solutions. Read: Barclays and TSB to lower residential mortgage rates – round-up
