Barclays announced today that it is cutting rates across its residential mortgage range by up to by up to 1.10 percentage points, including the lowest 10-year fixed rate it has ever offered, in a bid to give borrowers access to even better deals.
Barclays also today announced it has increased net lending under the FLS by a greater amount than any other lender, demonstrating its commitment to supporting people by giving access to finance, grow their business, buy a new home or improve their quality of life.
Steve Cooper commented:
“This is a real boost for UK homebuyers, giving them access to cheaper mortgage deals, brought about by the combination of the low base rate and the continued benefits of the Funding for Lending Scheme. Fixed rates are proving increasingly popular with borrowers who are looking for the certainty of securing their mortgage payments over the longer term and we have helped these customers by giving them access to some of our lowest ever fixed rates in 2013, including the 10-year fixed launched today.
“As well as being of benefit to homebuyers, these products are also available to re mortgage customers. With mortgage rates at historic lows, we would encourage existing homeowners to review their mortgage as they could benefit from substantial cost savings.”
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