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TODAY'S OTHER NEWS

Barclays cuts rates on BTL range

Barclays has made alterations to some of its buy-to-let mortgage products.

Rate reductions in the buy-to-let range include a two-year fix at 60% loan-to-value (LTV) with a 1% product fee.

The rate on this product has been reduced from 1.55% to 1.5%.

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Barclays fee-free two-year fix for landlords borrowing at up to 60% LTV has dropped from 2.33% to 2.28%.

The lender recently 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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