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Barclays reduces buy-to-let fees

Barclays hopes to attract new business from landlords by remaining competitive in their buy-to-let pricing.

The bank, which has reduced rates across its buy-to-let – and residential – ranges, has also has also reduced all £1,950 buy-to-let fees to £1,795 and is removing the ERCs on the majority its fee based tracker products.

Barclays recently cut its buy-to-let rates, with two-year fixed rate deals now starting from 1.5% up to 60% loan-to-value (LTV).

There is also a 75% LTV two-year deal available at 1.79%, which like the 60% LTV deal comes with a £1,950 arrangement fee.

Buy-to-let investors looking for a longer term deal will find that there are also five-year fixed rate products available at 2.19% to 60% LTV and 2.57% to 75% LTV, both with a £1,950 fee.

These buy-to-let products are available for both purchase and remortgages.

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