Barclays has reduced rates on a number of products across its residential, buy-to-let and Reward ranges.
In addition, it has also launched some new Premier Exclusive products as well as reductions to some of its existing core range fixed rate products.
Customers must hold a Barclays Premier banking relationship to be eligible for a Premier Exclusive mortgage product. To join Premier, customers will need a minimumimum of £100,000 saved or invested in Barclays – or an annual gross income of £75,000 or more paid into a Barclays current account.
Changes include the following:
- New – 1.68% Premier two-year fixed, £999 product fee, 85% LTV, minimum loan £375,000, maximum loan £1,000,000 – available for residential purchase and Remortgage
- New – 2.03% Premier five-year fixed with £1,795 product fee, 65% LTV, minimum loan £35,000, maximum loan £2,000,000 – available for buy-to-let purchase and Remortgage
- Reduced – 2.80% two-year fixed, £0 product fee, 95% LTV, minimum loan £5,000, maximum loan £375,000 has decreased to 2.77% – available for residential purchase
New products:
Residential
Purchase/Remortgage
- 1.68% Premier two-year fixed, £999 product fee, 85% LTV, minimum loan £375,000, maximum loan £1,000,000
Buy-to-let
Purchase/Remortgage
- 1.46% Premier two-year fixed, £1,795 product fee, 65% LTV, minimum loan £35,000, maximum loan £1,000,000
- 2.03% Premier five-year fixed, £1,795 product fee, 65% LTV, minimum loan £35,000, maximum loan £2,000,000
Existing product reductions:
Residential
Purchase/Remortgage
- 1.44% two-year fixed, £999 product fee, 60% LTV, minimum loan £5,000, maximum loan £1,000,000 has decreased to 1.42%
- 1.73% Premier three-year fixed, £999 product fee, 75% LTV, minimum loan £5,000, maximum loan £2,000,000 has decreased to 1.69%
- 1.63% three-year fixed, £999 product fee, 60% LTV, minimum loan £5,000, maximum loan £1,000,000 has decreased to 1.61%
- 1.79% three-year fixed, £999 product fee, 75% LTV, minimum loan £5,000, maximum loan £1,000,000 has decreased to 1.75%
- 2.06% five-year fixed, £999 product fee, 85% LTV, minimum loan £5,000, maximum loan £1,000,000 has decreased to 2.05%
Purchase
- 2.80% two-year fixed, £0 product fee, 95% LTV, minimum loan £5,000, maximum loan £375,000 has decreased to 2.77%
- 3.27% five-year fixed, £0 product fee, 95% LTV, minimum loan £5,000, maximum loan £375,000 has decreased to 3.25%
Buy-to-let
Purchase/Remortgage
- 2.35% five-year fixed, £1,795 product fee, 75% LTV, minimum loan £35,000, maximum loan £1,000,000 has decreased to 2.25%