Barclays’ Loyalty Mortgage Discounts
Barclays (barclays.com) current account customers will be rewarded with a reduction of up to 0.54 percentage points off selected tracker, fixed rate and offset mortgages. Customers with any of Barclays current accounts, including Premier, Additions and Graduate accounts, can all be eligible for the special rates.
Deals that will be available include a two year fixed rate mortgage at 2.95 per cent for deals up to 70 per cent loan to value – 0.54 percentage points below the standard offer and lower than the current best fixed rate from HSBC. For mortgages up to 80 per cent loan to value the rate is 4.19 per cent – a discount of 0.19 percentage points.
Discounts like this could save Barclays customers £922 in the first two years of their mortgage alone, based on an average mortgage advance of £135,000. For larger mortgages, for example a £500,000 advance, the savings could top £3,400.
