Barclays introduces new products and reduces rates

Barclays has cut rates on a number of products across its residential, buy-to-let and Reward ranges.

The buy-to-let range includes a 2.35% five-year fixed, available at 75% loan-to-value (LTV), which is subject to a £1,795 product fee. 

The deal is available to those looking to secure a minimum loan of £35,000 and a maximum loan of £1m.

Barclays has launched a range of fee-free buy-to-let mortgage products in recent weeks.

Rate reductions in the buy-to-let range for purchases and remortgages have included a two-year fixed rate with a £1,749 product fee at 75% loan-to-value, reduced from 1.77% to 1.68%.

There is also a fee-free two-year product available at 75% LTV which has been cut from 2.56% to 2.47%, and within its premier choice range there is a 2.55% two-year fix without a fee at 75% LTV which has been cut from 2.55% to 2.46%.

Meanwhile, the lender’s five-year fixed buy-to-let rate has been reduced to 2.04% at 60% LTV with a £1,795 fee, while five-year fixed rates start at 2.35% up to 75% LTV with a product fee, or 2.73% with no fee.

Within its remortgage range Barclays has increased its cashback offered on its great escape products from £300 to £400.

There are also two two-year fixed rate deals available without a fee, one at 60% LTV which has been cut from 1.97% to 1.95% and one at 75% LTV which will be reduced from 1.99% to 1.97%.

Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.