Barclays mortgages 'open for business'

Date:Wednesday 22nd September 2010
Author: Susanna Kavka

A Barclays mortgages representative has claimed the company is looking to lend where it can over the remainder of the year.

Andy Gray, head of mortgages at the firm, made his comments after the organisation announced it had cut interest rates on several products by up to 0.34 percentage points.

He suggested the financial institution is very much "open for business" and aiming to lend at competitive rates.

Some of the Barclays mortgages that have seen their interest rates pushed down are the loyalty lifetime tracker, the loyalty offset tracker and the five-year fixed-rate deal.

"On top of these reductions in our most popular rates, we continue to offer a drop-lock facility to all new tracker and offset customers," added Mr Gray.

The firm unveiled its loyalty propositions at the beginning of September, with customers who are signed up to a Barclays current account - such as the Premier, Additions and Graduate - able to qualify for reduced interest rates.