Barclays withdraws selection of resi and BTL deals - Mortgage Strategy

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Barclays has withdrawn a selection of residential and buy-to-let deals for purchase and remortgage.

The lender stopped accepting applications for the deals at the close of business yesterday.

It came as the bank announced it was bringing in new loan-to-income caps and restricting the loan-to-value on interest-only and part and part deals. [LINK]

Within the lenders residential purchase-only range the following 60 per cent loan-to-value products are no longer on sale:

  • 1.53 per cent two-year fixed, £0 product fee
  • 1.69 per cent five-year fixed, £0 product fee
  • Barclays has also withdrawn its purchase and remortgage 1.39 per cent three-year fixed, £0 product fee

In its buy-to-let range the following 60 per cent LTV deals for purchase and remortgage have been pulled:

  • 1.35 per cent two-year fixed £1,795 product fee
  • 1.99 per cent two-year fixed, £0 product fee
  • 1.84 per cent three-year fixed, £1,795 product fee
  • 2.20 per cent three-year fixed, £0 product fee
  • 1.75 per cent five-year fixed, £1,795 product fee
  • 1.97 per cent five-year fixed, £0 product fee
  • Barclays has also withdrawn its purchase only five-year fixed at 1.75 per cent, £1,295 product fee

 


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