Barclays is making changes across its residential, buy-to-let and Reward ranges.
New products will launch tomorrow (14 May).
Changes include rate reductions on a selection of buy-to-let products as well as the launch of new £0 product fee New Build Only fixed rates which each come with cashback.
Key Launch highlights – New Build Only Products
- 2.54% two-year fixed with no product fee and £1000 cashback available for loans £200k -£375k, max. 90% LTV
- 2.09% two-year Help to Buy fixed with no product fee & £500 cashback available for loans £200k -£450k max. 75% LTV
- 2.57% five-year fixed with no product fee and £1000 cashback available for loans £200k – £375k, max. 90% LTV,
- 2.18% five-year Help to Buy fixed with no product fee & £500 cashback available for loans £200k – £450k% 75% LTV
What existing products are being reduced?
Buy-to-let
Purchase/Remortgage
- 2.43% five-year fixed, £1795 product fee, 75% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 2.38%
- 2.80% five-year fixed, £0 product fee, 75% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 2.75%
- 2.65% Portfolio Landlord five-year fixed, £1795 product fee, 75% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 2.60%
EMC
- 2.43% EMC Reward BTL five-year fixed, £1795 product fee, 75% LTV, will decrease to 2.38%
- 2.80% EMC Reward BTL five-year fixed, £0 product fee, 75% LTV, will decrease to 2.75%
- 3.35% EMC Reward BTL two-year fixed, £0 product fee, > 75% LTV, will decrease to 3.00%
- 3.99% EMC Reward BTL five-year fixed, £0 product fee, > 75% LTV, will decrease to 3.49%
What products are being introducing?
Residential
Purchase
- New Build Only Product 2.54% two-year fixed, £0 product fee, £1000 cashback 90% LTV, Min loan £200,000, Max loan £375,000
- New Build Only Product 2.09% Help to Buy two-year fixed, £0 product fee, £500 cashback, 75% LTV, Min loan £200,000, Max loan £450,000
- New Build Only Product 2.57% five-year fixed, £0 product fee, £1000 cashback 90% LTV, Min loan £200,000, Max loan £375,000
- New Build Only Product 2.18% Help to Buy five-year fixed, £0 product fee, £500 cashback, 75% LTV, Min loan £200,000, Max loan £450,000