Barclays is the latest lender to slash mortgage rates – but it’s also axing some popular deals for homebuyers.

The bank is cutting rates on some of its existing customer mortgages by up to 0.15 percentage points from tomorrow. This follows similar moves by rivals HSBC and TSB.

Here’s how Barclay’s rate cuts break down:

Two-year fixes

• With a £999 fee: Rate cut from 5.22% to 5.07% for loans up to 85% of the property value.
• With no fee: Rate cut from 5.43% to 5.28% for loans up to 85% of the property value.

Five-year fixes

• With a £999 fee: Rate cut from 4.94% to 4.79% for loans up to 85% of the property value.
• With no fee: Rate cut from 5.03% to 4.88% for loans up to 85% of the property value.

Deals disappear for new buyers

However, Barclays is also pulling three deals for new borrowers:

• Two-year fix at 4.73% with an £899 fee for loans up to 85% of the property value
• Five-year fix at 4.14% with no fee for loans up to 75% of the property value
• Five-year fix at 4.37% with an £899 fee for loans up to 85% of the property value

Last week, Barclays became one of the first big lenders to offer mortgages below 4% since March. The bank launched a five-year fix at 3.83% for Premier customers, or 3.84% for other borrowers. This deal is only available to those borrowing up to 60% of their property’s value and comes with an £899 fee.