Barclays lifts best buy rates by 0.10%, Principality makes price changes Mortgage Strategy

Img

Barclays has announced rate increases of 0.10% on selected best buy products.

The bank’s premier two-year fixed at 60% loan-to-value (LTV) with a product fee of £899 has increased from 3.74% to 3.84%. 

In addition, the two-year fixed at 60% LTV with a product fee of £899 has risen from 3.75% to 3.85%.

Both products have a minimum loan of £5k and a maximum loan of £2m. 

The lender has also increased rates on remortgage only and purchase and remortgage products. 

The remortgage Great Escape five-year fixed at 60% LTV with no fee has gone up from 4.08% to 4.18%. This has a minimum loan of £50k and a maximum loan of £2m. 

In the purchase and remortgage range, the five-year fixed at 70% LTV with a fee of £1,999 has been lifted from 3.97% to 4.07%. This has a minimum loan of £2m and a maximum loan of £10m. 

Elsewhere, Principality Intermediaries has made a range of rate increases and decreases. 

The lender’s two-year fixed residential products at 80% LTV with no fee has been lowered by 0.27% while three-year fixes at 85% LTV have gone down by 0.25%. 

The residential with cashback two-year fixed at 80% LTV product has been cut by 0.26% while the two-year fixed at 85% LTV product has gone down by 0.23%.

In the joint borrower sole proprietor range, the two-year fixed 75% LTV product has been reduced by 0.15%.

Meanwhile, the lender has also made rate increases of up to 0.13%.

In the lender’s residential range, two-year fixed products at 65% LTV have gone up by 0.11% while five-year fixed products with a fee of £1,395 have risen by 0.13%.

Buy-to-let prices have also been increased with fixed-year fixed products at 60% LTV going up by as much as 0.07% and 70% LTV products going up by as much as 0.05%.

Holiday let two- and five-year fixed products at 60% LTV have also been edged higher by 0.05%.


More From Life Style