Barclays has made further reductions to its mortgage rates, with more pricing below the 4% level.
This includes a rate of 3.85%, which applies to its existing borrower reward product. This is fixed for two years and available at 60% loan to value (LTV) with a £999 fee.
The fee-free option has a rate of 4.06%, down from 4.3%.
Barclays has also reduced selected one- and five-year fixed rates within this offering, and the offset two-year tracker with a £1,999 fee, which has fallen from 6.15% to 5.98%. This is available at 70% LTV.
The lender has cut rates across residential purchase and remortgage, applied to selected two- and five-year fixes up to 75% LTV.
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Accord reduces residential mortgage rates
Accord Mortgages will lower residential mortgage rates on 13 May by as much as 0.24%.
This includes a two-year fix up to 95% LTV, now 5.18% down from 5.42%, available for house purchase with a £495 fee. This has a £300 cashback incentive and free standard valuation.
There is also a three-year fix up to 90% LTV, which is now 4.91% down from 5.06%. This is for remortgage, has a £495 fee, with either £500 cashback or remortgage legal service and free standard valuation.
Additionally, there is a five-year fixed remortgage up to 75% LTV, down from 4.22% to 4.15%. This has a £1,495 fee, £500 cashback or remortgage legal service, and free standard valuation.
The lender has also extended product end dates to 31 August.
Gemma Hyland, product manager for mortgages at Accord Mortgages, said: “We’re always looking for ways to deliver excellent value to our brokers and their clients.
“This is the latest example of how we are taking every opportunity to do this, and we’ll continue to do so as the year continues.”
Principality drops mortgage rates
Principality Building Society has reduced residential mortgage rates by as much as 0.2%, applicable from 13 May.
Changes will be made to two-, three- and five-year fixes at 65% and 75% LTV, including standard residential mortgages, options with cashback and its joint borrower sole proprietor (JBSP) products.
