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Barclays cuts rates and adds new 70% LTV deals

by Kevin Rose
10 April 2019
Barclays unveils mortgage offering for entrepreneurs
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Barclays is making changes to its residential, buy-to-let and Reward ranges tomorrow (Thursday 11 April).

This includes introducing two new 70% LTV two and five-year fixed rate purchase products which come with £500 cashback as well as reductions to existing deals, including buy-to-let.

Key product changes

Residential purchase

  • New –  1.99% 2 Year Fixed, £0 product fee, £500 cashback, 70% LTV, Min loan £50,000, Max loan £500,000
  • New –  2.25% 5 Year Fixed, £0 product fee, £500 cashback, 70% LTV, Min loan £50,000, Max loan £1,000,000
  • Reduced – 1.86% 2 Year Fixed, £0 product fee, 60% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 1.79%

New products: 

Residential Purchase/Remortgage

  • 1.85% 2 Year Fixed, £299 product fee, 75% LTV, Min loan £5,000, Max loan £1,000,000

Purchase

  • 1.99% 2 Year Fixed, £0 product fee, £500 cashback, 70% LTV, Min loan £50,000, Max loan £500,000
  • 2.25% 5 Year Fixed, £0 product fee, £500 cashback, 70% LTV, Min loan £50,000, Max loan £1,000,000

Reductions:

Residential Purchase/Remortgage

  • 1.49% 2 Year Fixed, £999 product fee, 60% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 1.44%
  • 1.59% 2 Year Fixed, £999 product fee, 75% LTV, Min loan 5,000, Max loan £1,000,000 will decrease to 1.54%
  • 2.04% 7 Year Fixed, £999 product fee, 60% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 1.99%
  • 2.55% 10 Year Fixed, £0 product fee, 60% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 2.49%

Purchase

  • 1.86% 2 Year Fixed, £0 product fee, 60% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 1.79%
  • 2.23% 5 Year Fixed, £0 product fee, 75% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 2.18%
  • 2.88% 2 Year Fixed, £0 product fee, 95% LTV, Min loan £5,000, Max loan £375,000 will decrease to 2.85%

Remortgage

  • 2.02% Great Escape 2 Year Fixed, £0 product fee, 75% LTV, Min loan £50,000, Max loan £1,000,000 will decrease to 1.99%
  • 2.42% Great Escape 5 Year Fixed, £0 product fee, 85% LTV, Min loan £50,000, Max loan £1,000,000 will decrease to 2.34%

Buy-to-let

Purchase/Remortgage

  • 1.55% 2 Year Fixed, 1% product fee, 60% LTV, Min loan £100,000, Max loan £215,000 will decrease to 1.50%
  • 2.33% 2 Year Fixed, £0 product fee, 60% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 2.28%
  • 2.01% 2 Year Fixed, 1% product fee, 75% LTV, Min loan £100,000, Max loan £215,000 will decrease to 1.96%
  • 2.42% 3 Year Fixed, £0 product fee, 60% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 2.37%
  • 2.41% 5 Year Fixed, £0 product fee, 60% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 2.36%
  • 2.48% 5 Year Fixed, £1795 product fee, 75% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 2.43%

 

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© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
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No Result
View All Result
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • COVER
    • General insurance
    • Landlord insurance
    • Protection
      • Critical illness
      • Income protection
      • Group protection
      • Life cover
      • PMI
  • DEBT
  • DISTRIBUTION
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Lending into retirement
    • Pensions
    • Retirement borrowing
  • LOANS

© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

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