Barclays reprices across its range - Mortgage Strategy

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Barclays has made price changes across its residential, buy-to-let and Reward product ranges, with some rates increasing and others reducing.

The lender launched its new range today and extended end dates on all fixed rates to October 31.

Barclays increased the rate on its residential purchase-only two-year fixed at 85 per cent loan to value from 1.99 to 2.19 per cent with no fee.

It also increased its portfolio landlord two-year fixed rate at 75 per cent LTV for purchase and remortgage from 2.11 per cent to 2.35 per cent with a £1,795 fee.

The lender withdrew two Reward deals for existing borrowers at over 85 per cent LTV, and introduced a host of others with higher LTVs and lower rates.

The new Reward deals include a two-year fixed 1.79 per cent with a £999 fee up to 90 per cent LTV and a five-year fix at 2.19 per cent with the same LTV and fee.

It has also launched Reward deals for borrowers at above 90 per cent LTV, starting at 2.84 per cent for a two-year fix with no fee.

Barclays product refresh also included reductions to a number of residential purchase, remortgage and Reward deals.

Rate cuts include:

  • Remortgage three-year fixed at 60 per cent LTV with a £999 fee reduced from 1.29 per cent to 1.28 per cent
  • Remortgage five-year fixed at 60 per cent LTV with £999 fee reduced from 1.38 to 1.36 per cent.
  • Remortgage 10-year fixed rate at 60 per cent LTV with no fee reduced from 2.24 to 2.12 per cent.
  • Many deals in the Reward range saw slightly larger reductions.

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