News - Industry
Mortgage Solutions | 02 Feb 2012 | 16:25
Barclays will be lowering its application fee for buy-to-let deals of between £125,000 and £200,000 from tomorrow.
The lender said that the application fee will fall from £2,999 to £2,499 across all LTVs.
For loans between £250,000 and £1,000,000, the fee will stay at £3,999.
It added that all the mortgage rates across its range will remain the same.
David Finlay, intermediary managing director for Barclays, said: “Due to the increase in demand for rental properties we are regularly reviewing our products to ensure the competitiveness of our buy-to-let mortgages in the market place.
"With a 22% rise in the number of buy-to-let products available, today’s reduction helps to support the buy to let market further.”
Latest jobs
Job of the week
Audio/Video
Reasons to be Cheerful
It's not all doom and gloom in the mortgage market, so click here for a dose of cheer.
Updating your subscription status 
Other services
Coffee Lounge
Not only is there a huge selection of games but why not try your hand at our Daily Sudoku, have a laugh at our industry cartoon or take a psychometric test!
Recent comments
The fees charged by these lenders for a good BTL mortgage is ridiculous high. What possible savings are made are eaten up by the change. There are hundreds of good BTL properties with small amount of loans on them fewer than 60% and Barclay’s wants £2500 to change them. Are the landlords going to default on a loan that has 40% equity. BArclays wants to get real
shaun Dennis
02 Feb 2012 | 17:00
Complain about this comment