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Barclays set to relaunch 75% LTV BTL range through brokers

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  • 25/01/2012
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Barclays set to relaunch 75% LTV BTL range through brokers
Barclays will open its 75% LTV buy-to-let range to brokers from tomorrow.

Last week the lender launched its buy-to-let 75% deals through its direct channel, but from tomorrow it will re-introduce its products via brokers as well.

It said it has listened to feedback about the fees and the products available through its direct and broker channel and will now provide a tiered fee approach to the range. 

Fees will start at £1999 for deals between £50k and £125k, £2999 for deals between £125k and £250k and a £3999 fee will apply for deals over £250k.

The lender has also launched a 10-year fixed rate at 4.99%, available up to 70% LTV.

Andy Gray (pictured), head of mortgages at Barclays said: “Tomorrow’s mortgage changes are about boosting the availability of buy-to-let and providing competitive longer term deals in the residential mortgage market with the launch of a 10-year deal to support borrowers who are worried about the long term base rate outlook.”

Other changes include a 0.21% increase on all its offset and tracker mortgages. It is also increasing the rate of its two-year fixed rate at 70% LTV from 3.49% to 3.74%. The same change applies to its Great Escape mortgage.

The lender said that it has adjusted its price points to manage demand from across its product mixes against the global and eurozone uncertainty.

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