Barclays has cut selected rates across home purchase and reward ranges by as much as 26 basis points, while HSBC will reprice residential and landlord deals.
Highlights among Barclays residential purchase product changes, that come to market tomorrow (1 November), are:
- Two-year fixes, with an £899 product fee, at 60% loan to value, from 5.36% to 5.10%
- Two-year fixes, with an £899 product fee, at 75% LTV, from 5.42% to 5.20%
- Two-year fixes, with an £899 product fee, 85% LTV, from 5.92% to 5.72%
- Premier two-year fixes, with an £899 product fee, at 60% LTV, from 5.33% to 5.07%
Meanwhile, HSBC also makes changes to its residential and buy-to-let ranges tomorrow.
Its moves include the reintroduction of its two-year fixed fee saver offer for UK residential first-time buyer and homemover customers at 95% LTV. These products carry £250 cashback.
The bank says its cuts will include reductions among residential purchase and remortgage loans at two-, three-, five- and 10-year terms.
Rates will also fall among landlord offers at two-, three- and five-year terms, as well as tracker loans.
John Charcol mortgage technical manager Nicholas Mendes says: “It’s been a few weeks since the last reprice from HSBC.
“Despite this HSBC has remained close to the best buys with only Santander, Halifax, Coventry, and Nationwide Building Society sitting higher in the residential and remortgage tables.
“Given the lack of movement recently, the latest repricing is likely to move HSBC back to the top.”
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