Barclays Leads the Way with Competitive 5-Year Fixed-Rate Mortgages Amid Ongoing Rate War

Barclays makes a significant impact with a 4.39% 5-year fixed-rate deal, according to brokers' reactions, as they, along with TSB and Accord, engage in the ongoing rate competition. Notably, Barclays introduced a 5-year fixed-rate purchase mortgage, up to 60% LTV, at 4.39% with an £899 product fee. Additionally, they unveiled a sub-5% 5-year fixed rate, up to 90% LTV, at 4.95%, accompanied by a £999 product fee. In the same vein, TSB and Accord also disclosed rate reductions of up to 0.45% and 0.3%, respectively.