Barclays cuts mortgage rates by up to 36bps across more than 20 fixed deals

Barclays is cutting more than 20 of its fixed-rate mortgages by up to 36 basis points from today, covering 2- and 5-year deals at a range of loan-to-value bands. It is one of the bigger moves from a major UK lender this month and follows a similar cut from NatWest earlier in the week. For buyers, monthly payments on new fixes drop modestly. For sellers, slightly cheaper borrowing tends to support demand at the margins.