Barclays Mortgages have made rate reductions across its residential and buy-to-let product ranges for customers purchasing and remortgaging properties, as well as deals for existing customers.
These changes come into effect on 20 August.
Barclays’ range of fixed-rate and tracker products for residential mortgage applications will see reductions of up to 32bps. These include rates available for customers looking to both purchase a property or remortgage an existing one.
In addition, Barclays’ buy-to-let mortgage range will see five products introduced, comprising rates available up to 60 and 75% LTV.
Key changes include the following:
Residential:
- 1.69% two-year tracker, £999 fee, 60% LTV – reduced to 1.38%
- 2.29% two-year tracker, £999 fee, 80% LTV – reduced to 1.97%
- 2.27% two-year fixed rate, no fee, 85% LTV – reduced to 2.05%
Buy-to-Let
- 10-year fixed rate, £1,795 fee, 75% LTV – 2.75%
- Two-year fixed rate, £1,295 fee, 60% LTV – 1.45%
- Two-year tracker, £0 fee, 75% LTV – 2.25%
- Three-year fixed £0 product fee, 75% LTV – 2.00% (Premier exclusive)
- Five-year fixed £2495 product fee, 75% LTV – 2.50% (Portfolio Landlords)