Barclays outline rate increases across range Mortgage Strategy

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Barclays is the latest major lender to confirm rate increases across its mortgage product range.

Changes which come into effect from 14 November include, on residential purchase only, the 3.96% Premier two year fixed £899 product fee, 60% LTV, Min loan £5k, Max loan £2m, increasing to 4.30%

The 4.12% five-year fixed £0 product fee, 60% LTV, Min loan £5k, max loan £2m, will increase to 4.44%

For residential remortgage only, Barclays 4% Premier two-year fixed £999 product fee, 60% LTV, Min loan £5k, Max loan £2m, will increase to 4.34%  and its   4.18% five-year fixed £999 product fee, 75% LTV, min loan £5k, max loan £2m, will increase to 4.50%.

For buy to let purchase only 5.28% two-year Fixed Purchase Only £1,295 product fee, 75% LTV, min loan £35k, max loan £1m, will increase to 5.38%; and the  4.22% Green Home BTL five-year fixed £1,295 product fee, 75% LTV, min loan £35k, max loan £1m, will increase to 4.57%

Commenting on the rate changes a Barclays spokesperson said: “We regularly review our product offering and make changes where necessary.  We have seen increased volatility in swap rates in recent weeks which is driving an increase in mortgage rates across the market.”


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