Barclays is making to its buy-to-let mortgage range.
Barclays has announced ‘Switch & Save’ benefits to its entire mortgage range, so landlords can now benefit from one free non-disclosed valuation and free standard legal services, saving a minimum of £200 on a mortgage loan of £200,000.
In addition, the bank now has a range of new fixed buy-to-let rates with no application fees, which Barclays says means a saving of a further £1,99.
Meanwhile, all loans between £50,000 and £1m will attract the same fee, where applicable.
The new fee-free buy-to-let rates, out tomorrow (8 October) are:
- 2 year fixed at 60% LTV at 3.45%
- 2 year fixed at 75% LTV at 3.99%
- 5 year fixed at 75% LTV at 4.89%
Andy Gray, managing director of Mortgages for Barclays said: “Since 2009, the fastest growing segment of the mortgage market has been buy-to-let. Inevitably as this market matures more customers and intermediaries will benefit from thinking about switching rates, not only achieving savings but also a level of security with the possibility of interest rate rises on the horizon.
“This move sees the Barclays Buy-To-Let Switch and Save remortgage package being extended to cover the entire breadth of our mortgage offering.”