First-time Buyers
Barclays cuts rates
Written By:
paulajohn
Posted:
Updated:
04/12/2013
Woolwich, mortgages from Barclays is to reduce the rates charged on some fixed rate and offset deals.
The high street lender will reduce the cost of its three-year fixed rate from 3.24% to 3.09%, cut its Lifetime offset rate by 0.2% and increase the maximum loan to value on its offset deals from 70% to 75%.
Andy Gray, managing director of mortgages for Barclays, said:
“We’re extending our fixed rate borrowing terms by three months to ensure that any new customers coming on board receive the full benefit of the term they apply for.”