Barclays is restricting the loan-to-value limit on buy-to-let deals to 70 per cent and repricing a number of products.

The bank has until now lent up to 75 per cent LTV on rental properties.

In an email to brokers, Barclays explains why it is making the pricing and criteria changes which take effect tomorrow.

It says: September is typically one of the busiest months within the market and we expect this to be the case again this year so in the interests of ensuring we continue to strike the right balance between offering you a wide range of product options whilst maintaining our service levels, we have reviewed our current product offering and are making some changes.”

In addition to the LTV change it is reducing rates on two of its Help to Buy products.

The lender is trimming the rate on its 60 per cent LTV Great Escape two-year fixed rate by 0.1 percentage points and it is re-introducing a five-year fix at 60 per cent LTV at 1.85 per cent with no fee.