Barclays has reduced its fixed rate 10-year mortgage by 0.30%, which sees it become competitive enough in its sector to enter the Best Buy chart and gain the highest Moneyfacts rating.
This mortgage now boasts a rate of 2.69%, fixed to 30.09.2026, at 80% loan-to-value (LTV). It comes with an arrangement fee of £999.
The deal is offered to all borrowers with the necessary deposit. Remortgagors benefit from an incentive package of free valuation for properties valued up to £2m and free legal fees, while all borrowers have the option to make overpayments.
This rate cut means this deal now has the lowest mortgage rate for its sector, making it a highly appealing choice for those looking to fix their payments for a decade. Together with the incentives and flexibility, this fully justifies the deal's entry into the chart and well-deserved rating.
Moneyfacts rating: Outstanding
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