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TODAY'S OTHER NEWS

Barclays announce BTL rate cuts

Barclays Mortgages has launched a series of rate reductions across a number of buy-to-let – and residential – ranges for both purchase and remortgage.

Fee-free buy-to-let products for purchase and remortgage at 75% loan-to-value (LTV) now stands at 2.66% for a two-year fix and 2.99% for a three-year fix.

Craig Calder, director of Barclays Mortgages, said: “We are really excited about the great opportunities of the mortgage market in early 2019.

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“We expect the remortgage market to be particularly vibrant as many customers will be looking to get their finances in order following the holiday period, so in addition to a host of reductions across our existing rates, we are delighted to confirm the launch of a new product which comes with £500 cashback.”

Residential purchase mortgage changes include a reduction to the 95% LTV rate, which now stands at 3.4% for a five-year fix and 3.02% for a two-year fix, both with no fee.

Residential remortgage now includes a 1.97% two-year fix to 70% loan-to-value, a 2.12% two-year fix to 85% LTV and a 2.06% five-year fix to 60% LTV, all with no fee and £500 cashback.

There is also a new purchase and remortgage product available at 2.07% for a seven-year fix, subject to a £999 fee.

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