Barclays has made changes to its green home mortgage range.
The bank says the change means more property purchasers buying an energy efficient new build home will be rewarded with a lower rate compared to the equivalent product from its standard range.
Available products are as follows:
- 1.74% Help to Buy 2 Year Fixed, £749 fee, 75% LTV, Loans £25k – £450k
- 1.88% Help to Buy 5 Year Fixed, £749 fee, 75% LTV, Loans £25k – £450k
- 3.62% 2 Year Fixed, £0 product fee, 90% LTV, Loans £5k £570k
- 3.62% 5 Year Fixed, £0 product fee, 90% LTV Loans £5k – £570k
Barclays is also making a number of changes across its mortgage product ranges, these include rate reductions to a selection of products within its residential purchase, remortgage and Reward ranges.
Residential Purchase, Remortgage and Reward ranges:
Residential – Large Loan Purchase and Remortgage
- Cutting 2 Year Fixed £1999 fee, 70% LTV, Loans £2m – £10m from 1.44% to 1.35%
- Cutting 2 Year Fixed £1999 fee, 75% LTV, Loans £2m – £5m from 1.79% to 1.65%
- Cutting 5 Year Fixed £1999 fee, 70% LTV, Loans £2m – £10m from 1.62% to 1.52%
- Cutting 5 Year Fixed £1999 fee, 75% LTV, Loans £2m – £5m from 1.82% to 1.67%
Residential – Reward Range
- Cutting 2 Year Fixed £0 fee, 60% LTV, Loans £5k – £2m from 1.58% to 1.29%
- Cutting 2 Year Fixed £0 fee, 75% LTV, Loans £5k – £2m from 1.88% to 1.54%
- Cutting 5 Year Fixed £0 fee, 60% LTV, Loans £5k – £2m from 1.59% to 1.49%
- Cutting 5 Year Fixed £0 fee, 75% LTV, Loans £5k – £2m from 1.90% to 1.74%
- Cutting 5 Year Fixed £999 fee, 60% LTV, Loans £5k – £2m from 1.29% to 1.24%
- Cutting 5 Year Fixed £1999 fee, 70% LTV, Loans £5k – £2m from 1.43% to 1.35%