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.
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.”