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TODAY'S OTHER NEWS

Barclays expands buy-to-let mortgage range

Barclays has launched a range of new buy-to-let mortgage products. 

The newly introduced deals include a buy-to-let remortgage range, including a two-year fixed rate product at 1.86% and a five-year deal at 2.19%. 

Both mortgage products are subject to 75% loan-to-value, at a minimum loan of £35,000 and maximum of £500,000, and are subject to a £1,795 product fee. 

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In addition, there is a two-year fixed rate deal at 2.55%, which is available fee-free.

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    I'm surprised by the 75% loan to value, would have thought it wiser to go 50 - 60 % max at present, but then the best way now is not to borrow at all.

    Matthew Payne

    They can't afford not to lend, far more costly than the odd repo that might happen. They will have done the risk matrix to death.

     
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