Barclays make rate cuts across all product types
Barclays has today announced a swathe of rate reductions across its residential, remortgage and buy-to-let mortgage products.
For buy-to-let borrowers, rates now include a 5-year Green Home BTL product with £1295 product fee, which has been reduced to 4.22%, with similar reduction on the 2-year product, with the lender's purchase-only BTL product with £1295 product fee now starting at 4.32% for the 5-year fix and 5.28% for the 2-year. All products have a 75% loan-to-value.
Remortgage-only products have also seen a shake-up, with 2-year fixes starting from 5.36% for a product with £1795 fee at 75% and a maximum loan size of £1m, while 5-year fixes begin at 4.26% with the same conditions.
Residential purchase and remortgage products for larger loans include a sub-4% deal - a 5-year fixed rate at 60% LTV, with a minimum loan size of £2m, for 3.93% down from 4.47%.
The changes, which also includes improvements to rates on products for existing customers, are effective from tomorrow (10th September).
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