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Barclays overhauls mortgage range and cuts rates

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  • 22/03/2017
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Barclays overhauls mortgage range and cuts rates
Barclays is launching more than a dozen new products and cutting over 30 rates across its range of mortgages.

The bank said it had taken the steps to attract customers at the start of the traditional spring house purchase season.

All offers are available through all Barclays channels, including the broker market.

Changes to the residential range include reducing Help to Buy rates and extending the Reward range offering loyalty discounts for existing Barclays mortgage and Premier customers.

Barclays Mortgages director Craig Calder (pictured) said: “Spring is traditionally a period of increased house buying activity and providing competitive rates will enable more first time buyers and those with smaller deposits to get on, and move up, the property ladder, as well as helping those looking to remortgage to achieve further savings.”

 

New products include:

 

Loan sizes between £5k – £500k

  • 1.99% 4 year fixed, 75% LTV with a £999 fee
  • 1.99% 4 year fixed (Great Escape), 50% LTV with a £0 fee

 

Loan sizes between £500k – £2m

  • 1.99% 4 year fixed, 75% LTV with a £999 fee (up to £1m)

 

Loan sizes between £2m – £10m

  • 1.79% 2 year offset, 65% LTV with a 0.50% fee
  • 1.25% 2 year fixed, 60% LTV with a 0.25% fee (Barclays Wealth Exclusive)
  • 1.30% 2 year fixed, 70% LTV with a 0.25% fee (Barclays Wealth Exclusive)

 

Rates reduced include:

 

Loan sizes between £5k – £500k

1.23% 2 year fixed, 60 % LTV with a £999 fee

2.25% 2 year fixed, 90 % LTV with a £999 fee

1.75% 5 year fixed, 60 % LTV with a £999 fee

2.79% 5 year fixed, 90 % LTV with a £999 fee

2.49% 10 year fixed, 60 % LTV with a £999 fee

2.69% 10 year fixed, 80 % LTV with a £999 fee

Barclays Bank Base Rate (BBBR) + 1.29% (1.54%) 2 Year Tracker, 80% LTV with a £999 fee

 

Loan sizes between £500k – £2m

1.18% 2 year fixed, 60% LTV with a £1,499 fee

1.53% 2 year fixed, 85% LTV with a £1,499 fee

1.70% 5 year fixed, 60% LTV with a £1,499 fee

2.24% 5 year fixed, 85% LTV with a £1,499 fee

2.49% 10 year fixed, 60% LTV with a £999 fee (up to £1m)

2.69% 10 year fixed, 80% LTV with a £999 fee (up to £1m)

BBBR+1.05% (1.30%) 2 year tracker, 75% LTV with a £1,499 fee

BBBR+1.24% (1.49%) 2 year tracker, 80% LTV with a £1,499 fee

 

 

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