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).
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Iress
Iress announces major upgrade to Xplan Mortgage platform
Mortgage Rates
Barclays relaunches sub-4% mortgage rate
Lloyds
Lloyds partners with Connells and LMS to launch fully digital homebuying journey
FCA
FCA sued over compensation scheme that 'significantly underestimates harm'
FCA
FCA announces changes to streamline senior managers regime
Bank Of England
Bank of England holds interest rates at 3.75% in 8-1 vote