Barclays Mortgages has unveiled rate reductions across its buy-to-let product ranges for customers purchasing and remortgaging properties, as well as deals for existing customers.
These changes will come into effect on Wednesday 8 September.
The bank’s range of fixed-rate products for buy-to-let mortgage applications will see reductions of up to 22bps. These include rates available for customers looking to both purchase a new property or remortgage an existing one.
Some key products impacted by this change include:
Buy-to-let Purchase and Remortgage
- 1.95% two-year fixed rate, £0 fee, 60% LTV – reduced to 1.73%
- 2.00% two-year fixed rate, £0 fee, 75% LTV – reduced to 1.92%
- 2.18% five-year fixed rate, £0 fee, 75% LTV – reduced to 2.06%
Buy-to-let Purchase
- 1.90% five-year fixed rate, £1295 fee, 75% LTV – reduced to 1.77%
Buy-to-let Remortgage
- 1.23% two-year fixed rate, £1795 fee, 60% LTV – reduced to 1.16%