Barclays slashes specialist product rates - Mortgage Strategy

Img

Barclays has reduced rates on products within its residential, buy-to-let and reward ranges.

Highlights include the 95 per cent LTV two-year fix reduced from 2.85 per cent to 2.80 per cent. This offering is for residential only, has no product fees and includes a maximum loan value of £500,000.

The 60 per cent LTV seven-year fix has also been cut, from 1.89 per cent to 1.84 per cent. This product is for residential purchase or remortgage, has a £999 fee, and includes a maximum loan value of £1m.

Additionally, the 75 per cent LTV five-year fix has been cut from 2.77 per cent to 2.67 per cent, and the 75 per cent LTV five-year fix from 2.22 per cent to 2.13 per cent.

The former deal is for purchase or remortgage and has no product fees, while the latter product is for purchase only and includes a £1,295 fee. Both deals have a maximum loan value of £1m.

Furthermore, the lender is adding a 60 per cent LTV five-year fix at 1.75 per cent. This deal is for BTL purchase only, has a £1,295 fee and a maximum loan value of £1m.


More From Life Style