Barclays trims rates and adds new deals - Mortgage Strategy

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Barclays is adding new products and trimming rates on a number of deals from across its residential, buy-to-let and reward ranges tomorrow.

For residential purchases it is launching a fee-free two-year fixed at 1.7 per cent up to 75 per cent loan-to-value with a maximum loan size of £5m.

It is launching a fee-free five-year fix at 1.75 per cent with the same LTV and maximum loan size.

The lender is bringing out a new Help to Buy two-year fixed at 1.92 per cent with no fee up to 75 per cent LTV with a maximum loan size of £450,000.

For both purchase and remortgage, it is launching a three-year fix at 1.58 with a £999 product fee up to 75 per cent LTV, with a maximum loan size of £1m.

For landlords there is a new five-year fixed purchase only deal at 2.05 per cent with a £1,295 fee up to 75 per cent LTV and capped at £1m.

Portfolio landlords can get a two-year fixed at 2.11 per cent with a £1,795 fee up to 75 per cent LTV.

Barclays is also cutting rates on a number of deals by up to 10 basis points, including:

  • In the reward range, its seven-year fixed at 2 per cent with no fee up to 75 per cent LTV will decrease to 1.9 per cent
  • Within the buy-to-let purchase and remortgage range its fee-free five-year fixed at 2.19 per cent up to 60 per cent LTV will be cut to 2.09 per cent.
  • There are many other smaller reductions across on residential and buy-to-let products in the 60 and 75 per cent LTV tiers.

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