Barclays is set to introduce its lowest ever fixed rate mortgage at 1.79 per cent.
The two-year ‘mass affluent’ fixed rate is available to 65 per cent loan-to-value and is available for loans between £500,000 and £2m. It has a £1,999 fee.
Tomorrow the bank will also cut a selection of its two-year purchase fixed rate mortgages by up to 0.13 per cent.
The new rates include a 1.89 per cent two-year fixed rate available to 60 per cent LTV; a 2.05 per cent two-year fix available to 70 per cent LTV; and a 2.75 per cent two-year fixed rate available to 80 per cent LTV. Barclays is also introducing a new five-year fixed rate mortgage at 3.15 per cent.
Barclays will also cut three of its remortgage two-year fixed rates tomorrow.
A 60 per cent LTV and a 70 per cent product will be cut by 10 basis points to 2.35 per cent and 2.59 per cent, respectively, while a 80 per cent LTV product will be cut by 0.34 per cent to 31.15 per cent.
Barclays’ three-year fixed rate New Buy product will be cut by 0.5 per cent to 3.99 per cent.
The above is an indication that this is the best time to look at fixing your mortgage rate, as predictions
For more help and advice please do not hesitate to contact our Clare Allen at Hoskin Mortgages.