Barclays Mortgages is making rate reductions across its residential and buy-to-let product ranges – including Help to Buy and Green Home deals – for customers purchasing and remortgaging properties, as well as deals for existing customers.
These changes will come into effect on Wednesday 15th September 2021.
Barclays’ range of fixed-rate products for residential mortgage applications will see reductions of up to 38bps. These include rates available for customers looking to both purchase a new property or remortgage an existing one.
In addition, Barclays’ buy-to-let mortgage range will see a new five year fixed rate up to 75% LTV introduced for portfolio landlords.
Some key products impacted by this change include:
Help to Buy
- 1.59% two-year fixed, £749 fee, 75% LTV – reduced to 1.21%
- 1.80% two-year fixed, no fee, 75% LTV – reduced to 1.44%
- 1.85% five-year fixed, no fee, 75% LTV – reduced to 1.56%
Green Home – Help to Buy
- 1.49% two-year fixed, £749 fee, 75% LTV – reduced to 1.11%
Residential purchase and remortgage
- 0.92% two-year fixed, £999 fee, 60% LTV – reduced to 0.86%
- 1.83% five-year fixed, £999 fee, 80% LTV – reduced to 1.75%
Buy-to-let purchase and remortgage for portfolio landlords
- New two-year fixed, £2495 fee, 75% LTV – 2.00%