Barclays is making a number of changes across its residential, buy-to-let and Reward ranges tomorrow (9 January).
Changes include the introduction of new remortgage products and rate cuts on its high LTV purchase products.
The bank is also increasing the overpayment allowance on all of its new 10-year fixes to 10& and extending the end dates on all its fixed rates to 30 April.
The main product changes are as follows:
- A new Premier Great Escape two-year fixed, 1.80%, £0 product fee, 50% LTV, minimum loan £50,000, maximum loan £1,000,000, £800 cashback (Remortgage Only)
- Reduced – 1.95% Great Escape three-year fixed, £0 product fee, 75% LTV, minimum loan £50,000 maximum loan £1,000,000 (Remortgage Only)
- Reduced – 3.09% five-year fixed, £0 product fee, 95% LTV, minimum loan £5,000 maximum loan £500,000 (Purchase Only)
New rates:
Residential:
Purchase
- 1.99% two-year fixed £500 cashback, £0 product fee, 70% LTV, minimum loan £50,000, maximum loan £500,000, will decrease to 1.95%
- 2.93% two-year fixed £1,000 cashback, £0 product fee, 90% LTV, minimum loan £50,000, maximum loan £500,000, will decrease to 2.85%
- 3.50% two-year fixed £1,000 cashback, £0 product fee, 95% LTV, minimum loan £50,000, maximum loan £500,000, will decrease to 3.35%
- 3.09% three-year fixed, £0 product fee, 95% LTV, minimum loan £5,000, maximum loan £500,000, will decrease to 2.99%
- 3.27% five-year fixed, £0 product fee, 95% LTV, minimum loan £5,000, maximum loan £500,000, will decrease to 3.09%
- 3.53% five-year fixed £1,000 cashback, £0 product fee, 95% LTV, minimum loan £50,000, maximum loan £500,000, will decrease to 3.40%
Remortgage
- 1.95% Great Escape two-year fixed, £0 product fee, 60% LTV, minimum loan £50,000, maximum loan £1,000,000, will decrease to 1.85%
- 1.97% Great Escape two-year fixed, £0 product fee, 75% LTV, minimum loan £50,000, maximum loan £1,000,000, will decrease to 1.88%
- 2.11% Great Escape two-year fixed, £0 product fee, 85% LTV, minimum loan £50,000, maximum loan £1,000,000, will decrease to 2.08%
- 2.05% Great Escape three-year fixed, £0 product fee, 75% LTV, minimum loan £50,000, maximum loan £1,000,000, will decrease to 1.95%
- 1.86% Great Escape five-year fixed, £0 product fee, 60% LTV, minimum loan £50,000, maximum loan £1,000,000, will decrease to 1.78%
- 2.27% Great Escape five-year fixed, £0 product fee, 85% LTV, minimum loan £50,000, maximum loan £1,000,000, will decrease to 2.19%
Purchase and Remortgage
- 1.99% two-year tracker, £0 product fee, 75% LTV, minimum loan £5,000, maximum loan £500,000 will decrease to 1.97%
- 2.33% 10-year fixed, £999 product fee, 60% LTV, minimum loan £5,000, maximum loan £1,000,000, will decrease to 2.23%
- 2.40% 10-year fixed, £0 product fee, 60% LTV, minimum loan £5,000, maximum loan £1,000,000, will decrease to 2.34%
- 2.45% 10-year fixed, £0 product fee, 70% LTV, minimum loan £5,000, maximum loan £1,000,000, will decrease to 2.37%