A Barclays shake-up means customers could be £650 better off depending on their mortgage. Barclays has cut mortgage rates to as low as 3.79 per cent and is also offering a 3.75 per cent deal for those with a 40 per cent deposit.

UK households with £200,000 mortgages over 25 years means monthly payments fall from £1,056 to £1,029, which works out at £648 -a shade under £650 - over a two-year fix.

Justin Moy, Managing Director at EHF Mortgages, said: “Good news again for borrowers as Barclays re-prices more of their products, this time helping those with larger deposits or equity, whether buying or refinancing their homes.

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"This could well be the start of a mini-price war.” Ranald Mitchell, Director at Cha

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