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Mortgage Strategy - Rate war hots up as Barclays launches cheapest ever 10-year fix

Aaron Strutt Image

Barclays is set to launch the market’s cheapest ever 10-year fixed rate.

The product, which launches tomorrow, is being lowered by 46 basis points to 2.99 per cent and it is available to 60 per cent LTV. A £999 application fee is payable.

Trinity Financial product and communications manager Aaron Strutt, told Mortgage Strategy: “This is a fantastic rate that adds a whole new level to the ongoing rate war.

“A lot of borrowers feel that fixing their payments for 10 years is a bit too long but a sub-3% rate could certainly change things.”

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