Barclays has launched a new fixed-rate mortgage offer at 1.99 per cent as demand for fixed products remains high.
The bank has reduced interest rates across its entire fixed-rate mortgage range, including two-, five- and ten-year offers.
Andy Gray, managing director of mortgages for Barclays, commented:
“Springtime is traditionally a period of increased house buying activity and through our award winning Family Springboard we are pleased to be offering customers lower rates and greater savings when buying their property. We hope this will particularly make managing their finances a little easier for First Time Buyers in their first three years, while achieving significant savings at the same time.
“Together with the rate cuts we’re introducing a number of highly competitive 2, 5 and 10 years fixed rates to our mortgage range and our new 5 year fixed rate at 1.99 per cent highlights our ongoing commitment to providing homeowners with access to very competitive rates. This rate is only available for a limited period, so customers need to act now to ensure they secure the best deal for them.”
The new offers include:
| Product | LTV (%) | Old Rate | New Rate | Application Fee | Min Loan | Max Loan |
| Fixed Rates | ||||||
| 2 year fixed | 70 | 1.75% | 1.65% | £999 | £5,000 | £1,000,000 |
| 2 year fixed | 75 | 1.88% | 1.75% | £999 | £5,000 | £1,000,000 |
| 2 year fixed | 80 | 2.08% | 1.99% | £999 | £5,000 | £1,000,000 |
| 5 year fixed | 60 | NEW | 1.99% | £1,999 | £5,000 | £500,000 |
| 5 year fixed | 60 | 2.34% | 2.19% | £999 | £5,000 | £500,000 |
| 5 year fixed | 65 | 2.29% | 2.19% | £1,999 | £500,000 | £3,000,000 |
| 5 year fixed | 80 | 3.05% | 2.99% | £999 | £5,000 | £1,000,000 |
| 10 year fixed | 80 | 3.14% | 2.99% | £999 | £5,000 | £1,000,000 |
| Great Escape | ||||||
| 5 year | 70 | 2.99% | 2.75% | £0 | £50,000 | £1,000,000 |
| 5 year | 80 | 3.99% | 3.19% | £0 | £50,000 | £1,000,000 |
| 10 year | 80 | NEW | 3.19% | £0 | £50,000 | £1,000,000 |
| Tracker | 60 | NEW | 1.99% | £0 | £50,000 | £1,000,000 |
| Premier Exclusives | ||||||
| 2 year fixed | 75 | 1.79% | 1.69% | £999 | £5,000 | £1,000,000 |
