From tomorrow, Barclays is reducing rates across its existing customer Reward ranges for both buy-to-let and residential borrowers.
In Barclays' buy-to-let Reward range for existing borrowers, two-year products at 65% LTV have reduced by 20bps to 4.95% with a £1,795 product fee and 5.30% fee-free.
75% LTV two-year fixes are also down by 20bps to 5.00% with a fee and 5.34% fee-free. A two-year fix above 75% LTV is now available at 5.55% with no product fee.
Five-year fixed rates at 65% LTV have reduced by 10bps to 4.34% with a fee or 4.58% fee-free.
In the lender's residential range, two-year fixed rates at 60% LTV have reduced by 8bps, now available at 4.67% with a £999 product fee and 4.90% fee-free.
At 75% LTV, two-rates are down by up to 15bps, starting from 4.75% with a £999 fee and 4.96% fee-free.
The largest reductions are to 85% LTV Reward two-year fixes, down from 5.65% to 5.22% with a fee and from 5.83% to 5.43% fee-free.
Two-year fixes above 85% LTV have reduced by 20bps to 5.87% fee-free.
Five-year Reward products have reduced by up to 27bps, now starting from 4.45% at 60% LTV and 4.68% at 75% LTV, both fee-free. At 85% LTV, rates have reduced to 4.94% with a fee and 5.03% fee-free, while five-year fixes over 85% LTV now start from 5.78%.
10-year fixed rates at 75% LTV have also seen reductions, now starting from 4.95% with a £749 fee and 5.02% fee-free.
