Barclays has made changes to its mortgage range, with some pricing now below 4%.
Effective from 13 February, the headline product is a newly launched five-year fixed premier deal, priced at 3.99%.
This has an £899 fee and is available at 60% loan to value (LTV), with loan sizes between £5,000 and £2m.
It has also reduced the rate of its five-year fixed green home deal from 4.13% to 3.99%, which is available at 60% LTV with a £899 fee.
Other changes include a fee-free two-year fixed purchase deal at 90% LTV, down from 5.56% to 5.41%, and a fee-free five-year fixed purchase product at 60% LTV, which has been cut from 4.4% to 4.26%.
Across its remortgages, a two-year fix at 60% LTV with a £999 fee is now 4.21%, down from 4.47%, while the option at 75% LTV has a rate of 4.52%, down from 4.64%.
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Meanwhile, Barclays’ Great Escape five-year fix at 85% LTV with no fee has reduced from 5.33% to 4.97%.
The lender has also reduced rates across buy-to-let (BTL) products for remortgage or purchase and remortgage.
This week, Santander also added a sub-4% mortgage to its range.
TSB lowers mortgage rates and brings back high-LTV five-year fixes
TSB has also updated its mortgage offering, including reintroducing its five-year fixes for first-time buyers and homemovers at 90-95% LTV.
The lender has also reduced two-year fixed first-time buyer and homemover rates up to 75% LTV and at 90-95% LTV by up to 0.1%.
Further, its two-year fixed remortgage rates up to 75% LTV have been trimmed by as much as 0.15% and five-year fixes at the same tiers have fallen by 0.1%.
Following the month’s base rate cut, TSB has amended its variable rates. Its homeowner variable rate is now 7.99%, its BTL variable rate is 8.84% and tracker rates have been cut by 0.25%.
Coventry BS cuts high-LTV pricing
Coventry Building Society has reduced mortgage rates, which will be available from 13 February.
The mutual is reducing all fixed purchase rates for new borrowers at 90-95% LTV and all fixed rates for existing customers at the same tiers.
It will also reduce all fixed rates for new and existing BTL and portfolio BTL borrowers.
