Barclays has announced it will be reducing rates across its residential purchase and remortgage range, with some product rates below 4%.
The residential purchase only green home five-year fixed, with a product fee of £899 will be lowered from 4.13% to 3.99%.
Meanwhile, the residential purchase remortgage only premier two-year fixed rate with a fee of £999 at 60% LTV has been cut from 4.46% to 4.20%.
The lender’s buy-to-let (BTL) remortgage only two-year fixed with a product fee of £1,795 at 75% LTV has been reduced from 5.46% to 5.01%.
The lender will also introduce a residential purchase only five-year fixed with a rate of 3.99%. This comes with a product fee of £899 at 60% LTV, minimum loan £5k and maximum loan £2m.
The rate changes at Barclays will come into effect from 13 February.
Earlier today, Santander also announced it would be cutting rates below 4% on two- and five-year residential mortgages on 13 February.
The changes made Santander the first high-street mortgage lender to offer a sub-4% rate this year.
