Barclays will offer from 5 March a new two-year fixed rate mortgage at 1.55 per cent, the bank has announced.
The new product is for loans of up to £200,000 at 60 per cent loan-to-value (LTV) and comes with an application fee of £999.
Barclays is also cutting the rate on a five-year fix at 80 per cent LTV and for loans of up to £1 million. The rate has been reduced to 3.35 per cent from previously 3.49 per cent. The application fee for this product is also £999. The change will come into effect on the 5th of March.
The bank is making changes to its buy-to-let and residential fixed mortgages product range. It is moving forward the end dates for all products by a further three months. For example the residential two-year fixed rate will now end in June 2017.
