x
By using this website, you agree to our use of cookies to enhance your experience.

TODAY'S OTHER NEWS

Barclays introduces new BTL mortgage products

Barclays is launching a new buy-to-let mortgage range and exclusive offers for existing mortgage customers, while it has also announced that it is increasing its maximum buy-to-let loan size on all 75% loan-to-value (LTV) products to £1m, as well as cutting existing buy-to-let rates.

The lender is hoping to win more business from landlords with its new buy-to-let purchase and remortgage rates, including a 1.99% three-year fixed rate loan at 60% LTV with a £1,950 fee.

Barclays is also bringing in a 2.59% three-year fixed mortgage at 60% LTV with no fee.

Advertisement

The firm is introducing a £250 cash-back option to replace the free legal option on its ‘Switch and Save’ package.

In addition, Barclays is cutting its existing buy-to-let rates by up to 0.20% on loans such as the lender’s 1.89% two-year fixed at 60% LTV with a £1,850 fee, which will soon rise to £1,950.

A Barclays statement stated: “As we move further into spring, we believe the new range will build on our strong proposition and provides a comprehensive range of products that will be attractive to both residential and buy-to-let investors.”

Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.

icon

Please login to comment

MovePal MovePal MovePal
sign up