Barclays is reducing the rates on a selection of products across its residential, buy-to-let and Reward ranges.
Key residential changes:
- New – 1.75% 5 Year Fixed, £1,295 product fee, 60% LTV, Min loan £35,000 Max loan £1,000,000 (Buy-to-let purchase only)
- Reduced – 2.85% 2 Year Fixed, £0 product fee, 95% LTV, Min loan £5,000, Max loan £500,000 will decrease to 2.80% (residential purchase only)
- Reduced – 1.89% 7 Year Fixed, £999 product fee, 60% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 1.84% (residential purchase and remortgage)
No products are increasing in rate and none are being withdrawn and not replaced as part of this launch.
New buy-to-let:
Purchase
- 1.75% 5 Year Fixed Purchase Only, £1,295 product fee, 60% LTV, Min loan £35,000, Max loan £1,000,000
Rate cuts:
Residential
Purchase and Remortgage
- 1.89% 7 Year Fixed, £999 product fee, 60% LTV, Min loan £5,000, Max loan £1,000,000, will decrease to 1.84%
Purchase
- 2.85% 2 Year Fixed, £0 product fee, 95% LTV, Min loan £5,000, Max loan £500,000, will decrease to 2.80%
Buy-to-let:
Purchase and Remortage
- 2.77% 5 Year Fixed, £0 product fee, 75% LTV, Min loan £35,000, Max loan £1,000,000, will decrease to 2.67%
Purchase
- 2.22% 5 Year Fixed Purchase Only, £,1,295 product fee, 75% LTV, Min loan £35,000, Max loan £1,000,000, will decrease to 2.13%
In addition to the above, Barclays is also launching a new 60% LTV buy-to-let five-year fixed rate for purchase applications.