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The Independent UK
The Independent UK
Business
Vicky Shaw

Major bank to reduce mortgage rates from Tuesday including five-year deal at 3.96%

Nationwide’s new rates include a ‘switcher’ mortgage -

Barclays will offer a fixed mortgage rate of 3.96% from Tuesday as it reduces some of the rates it is offering by up to 0.48 percentage points.

The new five-year fixed-rate at 3.96%, reduced from 3.99%, is a Green Home mortgage, available to customers who are buying an energy-efficient new-build home directly from the builder or developer. Borrowers must have a 40% deposit and the deal has a £899 product fee.

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