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Barclays has become the latest lender to offer discounts on its mortgage products for its current account customers.
The lender will be launching a new range of products called “Barclays Loyalty Mortgages” from September 1. Customers with any of Barclays current accounts, including Premier, Additions and Graduate accounts, can all be eligible for the special rates.
The new mortgage range will give current account holders discounts of up to 0.54 per cent off selected mortgages. This includes a two-year tracker at 2.79 per cent - bank base rate plus 2.29 per cent - or a two-year fixed-rate at 2.95 per cent.
Offset mortgages and lifetime trackers will also be offered as part of the new loyalty mortgage range.
In order to have access to the loyalty range, customers must have had their current account for three months and pay a minimum of £800 each month into the account.
This comes as part of a growing trend by banks to offer special mortgage deals exclusively to current account customers.
Read the full article here.
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