On 27 June Barclays is launching new residential and buy-to-let mortgage products, including exclusive offers for its existing mortgage customers.
Deals include the following:
Buy-to-let:
- Introducing a new higher value product range, with individual loans available up to £2m at a maximum 60% LTV (subject to income criteria1)
- Enhanced £500 cashback option on our Switch and Save packages
- Free Legal option now available on both our 60% and 75% LTV re-mortgage range
Residential:
- Introducing new 2 year fixed fee free 75% LTV purchase product
- Rate reductions on selected fixed and tracker products across all LTV bands up to 95% LTV for purchase and remortgage
- 2 Year Fixed 60% LTV reduced to 1.19% £999 Fee
- 2 Year Fixed 75% LTV reduced to 1.23% £999 Fee
- 2 Year Fixed 95% LTV reduced to 3.89% Fee-free
- 5 Year Fixed 60% LTV reduced to 1.70% £999 Fee
Existing Mortgage Customer (EMC) Reward:
- Rate reductions on EMC Home-mover reward rates, exclusively for existing Barclays residentialmortgage customers moving home
- Further reductions on selected residential and buy-to-let EMC Reward rates, exclusively available for rate switch and further advance
- Introducing new higher value EMC Reward rates (up to 60% LTV) for buy-to-let mortgage customers increasing aggregate borrowing or switching rates above £1m (max. £2m)
Craig Calder, director of Barclays Mortgages, said: “The changes we are making will further strengthen our mortgage proposition by offering our comprehensive suite of buy-to-let and residential products to an even wider range of mortgage customers.”