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TODAY'S OTHER NEWS

Barclays expands BTL range and reduces rates

Barclays launched two new buy-to-let products and cut rates on existing deals this morning. 

The newly launched products include a 60% loan-to-value (LTV) five-year offering at 2.41% and a 60% LTV two-year fix at 2.33%. 
Both new mortgages have no product fee and a maximum loan value of £1m.

The 1.59% two-year fixed rate at 60% LTV, which comes with a 1,795 product fee and a minimum loan of £35,000, has been reduced to 1.52%.

At 75% the 2.59% Premier two-year fixed has been dropped to 2.49%, while the 2.6% two-year fixed rate product has been cut to 2.5%.

The lender has also reduced rates for portfolio landlords, with its 75% LTV five-year fixed rate product now available at 2.6% after having been cut by two basis points. This product has a maximum loan value of £1m and no product fees.

At 75% LTV, the 2.59% Barclays Premier range has also seen cuts, with the 60% LTV five-year product having been reduced from 2.12% to 2.07%. The maximum loan value for this offer is £2m and it includes a £1,795 product fee.

In addition, Barclays has reduced rates on its 75% LTV two-year fixed rate fee-free product for existing customers from 2.59% to 2.49%, while the five-year 75% LTV product for existing customers has been cut from 2.46% to 2.44%. The five-year product comes with a fee of £1,795 and is also only available for existing customers.

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