Barclays increases resi rates by up to 0.20% | Mortgage Strategy

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Barclays has upped rates on a number of its residential purchase and remortgage deals.

For purchase only, the 75 per cent LTV two-year fix has moved from 1.70 per cent to 1.85 per cent and the 75 per cent LTV five-year fix from 1.95 per cent to 1.99 per cent.

The 85 per cent LTV five-year fix has risen from 2.64 per cent to 2.79 per cent.

For purchase and remortgage, the 75 per cent LTV two-year tracker with £999 fee has gone up from 1.53 per cent to 1.67 per cent.

Meanwhile, at 80 per cent LTV and all with £999 fee, the two-year tracker has gone up from 1.67 per cent to 1.75 per cent while the two-year fix set at 1.85 per cent has risen by 10 basis points to 1.95 per cent.

The five-year fix has received the same bump in rate – from 2.15 per cent to 2.25 per cent.

For remortgage only the changes concern two Great Escape products. The 60 per cent LTV two-year fix has been increased from 1.58 per cent to 1.67 per cent and the five-year fix from 2.15 per cent to 2.35 per cent.

In a note to brokers, the lenders says that the changes are due to a, “continuation of strong demand within the market and will help to ensure we provide you and your clients a consistent level of service.”


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