More rate rises as Barclays manages demand | Mortgage Strategy

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Barclays is making further rate changes in a bid to manage demand.

The lender is increasing rates on a large number of residential purchase and  remortgage deals from tomorrow, while also trimming the price of several other products.

The following purchase deals are increasing:

  • 1.28 per cent two-year fixed £999 product fee, 60 per cent LTV, Min loan £5k, will increase to 1.34 per cent
  • 1.30 per cent two-year fixed £1999 product fee, 70 per cent LTV, Min loan £2m, will increase to 1.44 per cent
  • 1.74 per cent  five-year fixed £0 product fee, 60 per cent LTV, Min loan £5k, will increase to 1.79 per cent
  • 2.85 per cent Springboard five-year fixed £0 product fee, 95 per cent LTV, will increase to 3.05 per cent
  • 3.05 per cent Springboard five-year fixed £0 product fee, 100 per cent LTV, will increase to 3.25 per cent
  • 1.89 per cent Help to Buy five-year fixed £749 product fee, 75 per cent LTV, will increase to 1.93 per cent
  • 1.29 per cent London Help to Buy two-year fixed £749 product fee, 55 per cent LTV, will increase to 1.34 per cent

 The following remortgage deals are rising:

  • 1.28 per cent two-year fixed £999 product fee, 60 per cent LTV, will increase to 1.34 per cent
  • 1.18 per cent two-year fixed £1,999 product fee, 60 per cent LTV, will increase to 1.34 per cent
  • 1.30 per cent two-year fixed £1999 product fee, 70 per cent LTV, Min loan now £2m, Max loan £10m will increase to 1.44 per cent
  • 1.56 per cent Premier Great Escape two-year fixed £0 product fee, 50 per cent LTV, will increase to 1.65 per cent
  • 1.57 per cent Great Escape two-year fixed £0 product fee, 60 per cent LTV, will increase to 1.75 per cent
  • 1.39 per cent  five-year fixed £1,999 product fee, 60 per cent LTV, Min loan £5m, will increase to 1.55 per cent 
  • 1.72 per cent Great Escape five-year fixed £0 product fee, 60 per cent LTV, will increase to 1.85 per cent
  • 2.60 per cent Great Escape five-year fixed £0 product fee, 85 per cent LTV, will increase to 3.15 per cent

For purchase and remortgage the following rates will increase:

  • 1.54 per cent two-year offset tracker  £1,749 product fee, 75 per cent LTV, will increase to 1.72 per cent
  • 1.45 per cent two-year tracker £999 product fee, 60 per cent LTV, Min loan £5k, will increase to 1.69 per cent
  • 1.58 per cent two-year tracker £0 product fee, 60 per cent LTV, will increase to 1.85 per cent
  • 1.75 per cent two-year tracker £999 product fee, 80 per cent LTV, Min loan £5k, will increase to 2.29 per cent
  • 1.24 per cent two-year tracker £1,999 product fee, 60 per cent LTV, will increase to 1.69 per cent
  • 1.39 per cent two-year tracker £1999 product fee, 70 per cent LTV, will increase to 1.79 per cent
  • 1.85 per cent two-year fixed £999 product fee, 80 per cent LTV, will increase to 1.99 per cent
  • 1.46 per cent two-year fixed Wealth £999 product fee, now 75 per cent LTV, will increase to 1.69 per cent
  • 1.72 per cent 3-year fixed Premier £999 product fee, 75 per cent LTV, will increase to 1.92 per cent and the fee will reduce to £499
  • 1.68 per cent  five-year fixed Wealth £999 product fee, now 75 per cent LTV, will increase to 1.79 per cent
  • 1.60 per cent 7-year fixed Premier £999 product fee, 60 per cent LTV, will increase to 1.62 per cent and the fee will reduce to £499

The lender is also making the following reductions:

  • For purchase, 1.84 per cent Help to Buy two-year fix, £749 product fee, 75 per cent LTV, will decrease to 1.79 per cent  
  • 2.10 per cent Help to Buy five-year fix, £0 product fee, 75 per cent LTV, will decrease to 1.99 per cent  
  • 1.63 per cent London Help to Buy five-year fix. £749 product fee, 55 per cent LTV, will decrease to 1.52 per cent 
  • For purchase and remortgage, 1.65 per cent five-year fix, £999 product fee, 60 per cent LTV, will decrease to 1.55 per cent  
  • 1.63 per cent five-year fix £1,999 product fee, 70 per cent LTV, will decrease to 1.62 per cent

Barclays says the new rates will go live tomorrow.

Brokers have until this evening to reserve one of the outgoing products and until Saturday October 17 to submit a full application.


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