Barclays slash rates

The changes, for home buying and remortgages, include a drop from 2.34% to 2.25% for a 2-year fix as well as a decrease from 2.34% to 2.15%, both available up to 60% LTV.

In addition, a 5-year 80% LTV option has been changed from 3.85% to 3.79%.

Andy Gray, managing director of Mortgages for Barclays, said: “As we move into the second half of 2014, the UK mortgage market is expected to be more active, particularly in the remortgage sector, with large numbers of existing mortgage borrowers looking to fix their mortgage rate before any potential increase to the Base Rates.

“These changes mean we can continue to offer great value and a potential saving, specifically to those looking to.”

The changed rates are effective from Friday 18 July 2014.