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TODAY'S OTHER NEWS

Barclays reduces buy-to-let rates on a range of products

Barclays has cut rates across its buy-to-let range by up to 0.26%.

Buy-to-let purchase and remortgage products now start at 2.3% for a two-year fix, while a three-year fix starts at 2.37%. Both deals are available at up to 60% loan-to-value (LTV) with no product fee.

On Barclays' existing mortgage customer Reward range, a two-year fixed buy-to-let rate is now available at 2.29% at 65% LTV and a three-year buy-to-let product has been reduced from 2.62% to 2.36% at 65% LTV.

Earlier this month, Barclayo announced a series of rate reductions across a number of its other 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.

“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.”

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