Express: Barclays cuts mortgage rates - everything we know so far
Hot on the heels of eye-catching rate cuts by the Coventry Building Society this morning, Barclays has confirmed it will be reducing key mortgage rates from Tuesday, February 4th - with experts calling it a sign of big changes to come.
Mortgage experts pointed to reductions from other lenders, including Accord and the Bank of Ireland, and suggesting they are preempting a possible Bank of England base rate cut, expected this Thursday.
Barclays is rolling out a raft of new deals for those looking to buy and people remortgaging.
New Products:
5.29% 2 Year Fixed £899 product fee, 90% LTV, Min loan £5k, Max loan £2m
4.13% Green Home 5 Year Fixed £899 product fee, 60% LTV, Min Loan £5k, Max loan £2m
5.24% 2 Year Tracker £0 product fee, 60% LTV, min loan 5k, Max loan £2m
Harps Garcha, of Brooklyns Financial, said "After a grim January, this is a rare win for borrowers".
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