Barclays Mortgages is introducing some new products and making rate reductions across its residential, buy-to-let and Reward ranges with new products launching on Friday 16 November.
The lender says fixed rate demand remains strong but there is still an appetite for tracker based products so it has reviewed its current offering and is reducing rates at 60% and 75% tiers as well as introducing some new 85% LTV deals.
In addition, for customers who are still looking to purchase a new home, Barclays is reducing rates across its Help to Buy and Existing Customer Home-Mover products.
Key product changes:
- 1.54% two-year tracker, £999 product fee, 60% LTV, Min loan £5,000, Max loan £500,000 will reduce to 1.44%
- 1.75% two-year tracker, £999 product fee, 75% LTV, Min loan £5,000, Max loan £500,000 will reduce to 1.59%
- 2.64% five-year fixed (buy-to-let), £1,795 product fee, 75% LTV, Min loan £5,000, Max loan £1,000,000 will reduce to 2.47%
New products:
Purchase/Remortgage:
- 1.72% two-year tracker, £999 product fee, 85% LTV, Min loan £5,000, Max loan £500,000
- 2.29% two-year tracker £0 product fee, 85% LTV, Min loan £5,000, Max loan £500,000
Reductions:
Purchase/Remortgage:
- 1.54% two-year tracker, £999 product fee, 60% LTV, Min loan £5,000, Max loan £500,000 will decrease to 1.44%
- 1.75% two-year tracker, £999 product fee, 75% LTV, Min loan £5,000, Max loan £500,000 will decrease to 1.59%
- 2.10% two-year tracker, £0 product fee, 75% LTV, Min loan £5,000, Max loan £500,000 will decrease to 1.99%
- 2.53% five-year fixed, £999 product fee, 90% LTV, Min loan £5,000, Max loan £400,000 will decrease to 2.34%
- 2.74% five-year fixed, £0 product fee, 90% LTV, Min loan £5,000, Max loan £400,000 will decrease to 2.49%
Purchase:
- 1.79% E M C Home-mover Reward two-year tracker, £499 product fee, 75% LTV, Min loan £5,000, Max loan £2,000,000 will decrease to 1.59%
- 3.20% two-year fixed, £0 product fee, 95% LTV, Min loan £5,000, Max loan £400,000 will decrease to 3.09%
- 1.78% Scotland Help to Buy two-year fixed, £499 product fee, 80% LTV, Min loan £25,000, Max loan £160000 will decrease to 1.74%
- 2.20% Scotland Help to Buy five-year fixed, £499 product fee, 80% LTV, Min loan £25,000, Max loan £160000 will decrease to 2.13%
- 1.70% Help to Buy two-year fixed, £749 product fee, 75% LTV, Min loan £25,000, Max loan £450,000 will decrease to 1.67%
- 2.17% Help to Buy five-year fixed, £749 product fee, 75% LTV, Min loan £25,000, Max loan £450,000 will decrease to 2.13%
- 2.12% London Help to Buy five-year fixed, £749 product fee, 55% LTV, Min loan £25,000, Max loan £330,000 will decrease to 2.05%
Buy-to-let:
- 2.18% Premier five-year fixed, £1795 product fee, 60% LTV, Min loan £35,000, Max loan £2,000,000 will decrease to 2.12%
- 2.19% five-year fixed, £1795 product fee, 60% LTV, Min loan £35,000, Max loan £500,000 will decrease to 2.13%
- 2.64% five-year fixed, £0 product fee, 60% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 2.37%
- 2.64% five-year fixed, £1795 product fee, 75% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 2.47%
- 3.09% five-year fixed, £0 product fee, 75% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 2.77%
Existing mortgage customer:
- 1.98% EMC Reward two-year fixed, £0 product fee, 75% LTV, will decrease to 1.96%
- 2.53% EMC Reward five-year fixed, £299 product fee, >85% LTV, will decrease to 2.34%
- 2.73% EMC Reward five-year fixed, £0 product fee, >85% LTV, will decrease to 2.48%
- 1.53% EMC Reward two-year tracker, £999 product fee, 60% LTV, will decrease to 1.43%
- 1.75% EMC Reward two-year tracker, £999 product fee, 80% LTV, will decrease to 1.59% and now be available up to 85% LTV
- 2.10% EMC Reward two-year tracker, £0 product fee, 80% LTV, will decrease to 1.99% and now be available up to 85% LTV
- 2.18% EMC Reward BTL five-year fixed, £1795 product fee, 65% LTV, will decrease to 2.12%
- 2.63% EMC Reward BTL five-year fixed, £0 product fee, 65% LTV, will decrease to 2.36%
- 2.63% EMC Reward BTL five-year fixed, £1795 product fee, 75% LTV, will decrease to 2.46%
- 3.08% EMC Reward BTL five-year fixed, £0 product fee, 75% LTV, will decrease to 2.76%
Changes:
Purchase
- 1.97% two-year fixed, £0 product fee, 60% LTV, Min loan £5,000, Max loan £500,000 will now be available up to 70% LTV
- 2.13% five-year fixed, £999 product fee, 75% LTV, Min loan £5,000, Max loan £1,000,000 will now be available up to 80% LTV
- 2.25% five-year fixed, £0 product fee, 60% LTV, Min loan £5,000, Max loan £500,000 will now be available up to 70% LTV
Remortgage
- 1.99% Great Escape two-year fixed, £0 product fee, 60% LTV, Min loan £50,000, Max loan £500,000 will now be available up to 70%
- 2.25% Great Escape five-year fixed, £0 product fee, 60% LTV, Min loan £50,000, Max loan £500,000 will now be available up to 70%
- 2.13% five-year fixed, £999 product fee, 75% LTV, Min loan £5,000, Max loan £1,000,000 will now be available up to 80%
Existing mortgage customer
- 2.12% five-year fixed, £999 product fee, 75% LTV now available up to 80%
- 2.19% five-year fixed, £299 product fee, 75% LTV now available up to 80%
- 2.24% five-year fixed, £0 product fee, 75% LTV now available up to 80%