Barclays has announced that from tomorrow, new rate reductions on Help to Buy mortgage products will come into effect.
The lender has confirmed that 95% LTV products will see reductions of up to 10bps with two-year fixed rates starting at 2.80% and five-year fixes from 3.27% or 3.53% with £1,000 cashback.
Barclays has also reduced rates across its two-year fixed rate Help to Buy range with Help to Buy London rates at 55% LTV seeing a decrease to 1.49% or 1.75% fee-free.
In addition to this, the bank has reduced its Green Home Help to Buy two-year fixed rate at 75% LTV to 1.55%.
The Green Home Mortgage rewards homebuyers who choose to buy an A or B EPC Energy Efficiency Rated new build home with lower interest rates on their mortgage.
Rates will reduce to 1.60% at 75% LTV with a £749 product fee and 1.86% with no fee.