Barclays latest to cut fixed rate fees

The cuts will see Barclays offer a 2-year fixed rate for 60% loan to value at 2.29% and a 5-year fixed rate for 80% LTV at 3.78%.

The lender will also offer a 5-year hybrid product for 80% LTV at Base+2.49% for the first two years followed by a fixed 3.78% for the final three years.

Andy Gray, managing director of mortgages for Barclays, said: "This is a real boost for UK homebuyers, giving them access to even 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 so we’re keen to help these borrowers secure a good deal.”