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TODAY'S OTHER NEWS

Barclays refreshes BTL mortgage range

Barclays has made changes to some of its buy-to-let products to ensure its proposition is in line with existing market conditions.

The lender is now offering a 2.05% five-year fixed BTL purchase-only product at up to 75% loan-to-value (LTV), subject to a £1,295 product fee. 

In addition, there is a 2.11% two-year fixed rate deal for portfolio landlords at 75% LTV, which comes with a £1,795 product fee. 

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Barclays has made other cuts across the purchase and remortgage range, including its fee-free five-year fixed at 2.19% up to 60% LTV, which has been reduced to 2.09%.

Last month, Barclays cut selected rates by up to 10 basis points on its fixed buy-to-let mortgage range with all products coming with a £999 product fee.

The lender reduced rates across its two, three, five and seven-year fixed rates. 

A Barclays statement stated: “These changes will ensure we provide a wide range of competitive options for customers whether they are looking to purchase or remortgage, or for existing Barclays mortgage customers who are looking to either rate switch or take further borrowing.” 

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